Chapter 5: The Rule Against Perpetuities (RAP) Flashcards
1
Q
What’s the goal of the Rule Against Perpetuities?
A
Testing for certainty
2
Q
What do you call a person who tells us whether or not the interest vests within the perpetuities period?
A
The Validating Life
3
Q
What is the perpetuities period?
A
lifetime plus 21 years