Chapter 5: The Rule Against Perpetuities (RAP) Flashcards

1
Q

What’s the goal of the Rule Against Perpetuities?

A

Testing for certainty

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the perpetuities period?

A

lifetime plus 21 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly