Property 1: Future Interests

Reversions , Rights

29 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
What future interest remains after O conveys a fee simple abolute?
None.
If the future interest following a life estate is in the grantor, what is it called?
Reversion
If the future interest following a term of years is in the grantor, what is it called?
Reversion
If the future interest following a fee simple determinable is in the grantor, what is it called?
Possibility of reverter
If the future interest following a fee simple subject to a condition subsequent is in the grantor, what is it called?
Right of entry
If the future interest following a life estate determinable is in the grantor, what is it called?
Reversion
If the future interest following a term of years subject to a condition subsequent is in the grantor, what is it called?
Reversion
What is the name of the grantor's future interest that "waits patiently" for the prior estate to "end naturally"?
Reversion
What is the name of the grantor's future interest that can interrupt the prior estate, causing it to end early?
Right of entry
A grantor can have three future interests: a reversion, a possibility of reverter, and a right of entry. Which two operate automatically, without any action by the grantor?
Reversion & possibility of reverter
What future interest does O have? O to A so long as A does not divorce B, then back to O.
Possibility of reverter in fee simple absolute
What future interest does O have? O to A and her heirs so long as A does not divorce B, but if A divorces B, then back to O.
Possibility of reverter in fee simple absolute
What future interest does O have? O to A, on the condition that A does not divorce B.
Right of entry in fee simple absolute
What future interest does O have? O to A, on the condition that A does not divorce B.
Right of entry in fee simple absolute
What future interest does O have? O to A and his heirs, provided that A does not divorce B, then to O.
Right of entry in fee simple absolute