Chapter 6 Flashcards

1
Q

If the future interest following a fee simple determinable is in a second grantee, what is it called?

A

Executory interest

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2
Q

What do we call the future interest following a fee simple subject to an executory limitation?

A

Executory interest

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3
Q

What do we call a second grantee’s future interest when it follows a conveyance like “to A and her heirs until B retires from the Army”?

A

Executory interest

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4
Q

To whom does an executory interest belong?

A

A grantee

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5
Q

Distinguish between an executory interest and a right of entry or possibility of reverter.

A

An executory interest is a future interest held by a grantee, while a right of entry or possibility of reverter is a future interest retained by the grantor.

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6
Q

What are the common words of temporal limitation that signal a determinable estate followed by an executory interest?

A

Until, while, during, so long as

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7
Q

What are the common words of express condition that signal an estate followed by an executory limitation (followed by an executory interest)?

A

But if, however, on condition that, provided that

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8
Q

Does an executory interest take effect automatically upon the happening of the condition?

A

Yes

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9
Q

What do you call a second grantee’s future interest that follows a life estate determinable?

A

Remainder

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10
Q

Of the future interests following an estate with an added limitation, which is the only one that does not operate automatically upon the happening of the condition?

A

Right of entry

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11
Q

What is the state of the title?

O to A and is heirs, but if A does not graduate college, then to B.

A

O to A and is heirs, | but if A does not graduate college, then to B. |

A: possessory estate in fee simple subject to executory limitation

B: executory interest in fee simple absolute

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12
Q

What is the state of the title?

O to A while being used as a farm.

A

O to A while being used as a farm. |

A: possessory estate in fee simple determinable

O: possibility of reverter in fee simple absolute

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13
Q

What is the state of the title?

O to A and her heirs until no longer used for a church, then to B.

A

O to A and her heirs until no longer used for a church, | then to B.

A: possessory estate in fee simple determinable

B: executory interest in fee simple absolute

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14
Q

What is the state of the title?

O to A for life.

A

O to A for life. |

A: possessory estate in life estate

O: reversion in fee simple absolute

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15
Q

What is the state of the title?

O to A and her heirs; | however, if used for a pool hall, then to B and his heirs.

A

O to A and her heirs; ** | **however, if used for a pool hall, then to B and his heirs. |

A: possessory estate in fee simple subject to an executory limitation

B: executory interest in fee simple absolue

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16
Q

What is the state of the title?

O to A and her heirs, provided that the land is always farmed.

A

O to A and her heirs; | provided that the land is always farmed. |

A: possessory estate in fee simple subject to a condition subsequent

O: right of entry in fee simple absolute

17
Q

What is the state of the title?

O to A, on the condition that the land is always used as a church, but if not, then to B.

A

O to A, | on the condition that the land is always used as a church, but if not, then to B. |

A: possessory estate in fee simple subject to an executory limitation

B: executory interest in fee simple absolute

18
Q

What is the state of the title?

O to A and heirs of his body

A

O to A and heirs of his body. |

A: possessory estate in fee tail

O: reversion in fee simple absolute

19
Q

What is the state of the title?

O to A for the life of B

A

O to A for the life of B. |

A: possessory estate in life estate pur autre vie

O: reversion in fee simple absolute

20
Q

What is the state of the title?

O to A, but if A cuts timber on the property, then to B and her heirs

A

O to A, | but if A cuts timber on the property, then to B and her heirs. |

A: possessory estate in fee simple subject to an executory limitiation

B: executory interest in fee simple absolute

21
Q

What is the state of the title?

O to A for life; however, if A rents the property, then to B and his heirs

A

O to A for life; | however, if A rents the property, then to B and his heirs. |

A: possessory estate in fee simple subject to an executory limitiation

B: executory interest in fee simple absolute

O: reversion in fee simple absolute [O has a reversion because if A doesn’t rent the property, B’s future interest will never become possessory, and the property will revert to O after A’s life estate.]

22
Q

What is the state of the title?

O to A for 25 years if A so long live.

A

O to A for 25 years if A so long live. |

A: possessory estate in term of years determinable

O: reversion in fee simple absolute

23
Q

What is the state of the title?

O to A for 49 years or until the land lies fallow, whichever is first, then to B

A

O to A for 49 years or until the land lies fallow, whichever is first, | then to B. |

A: possesory estate in a term of years determinable

O: vested remainder in fee simple absolute

24
Q

What is the state of the title?

O to A for life, then to B

A

O to A for life, | then to B. |

A: possessory estate in life estate

B: vested remainder in fee simple absolute

25
Q

What is the state of the title?

O to A and her heirs until B reaches 25, then to B

A

O to A and her heirs until B reaches 25, then to B

A: possessory estate in fee simple determinable

B: executory interest in fee simple absolute

26
Q

What is the state of the title?

O to A and her heirs; however, if B reaches 25, then to B

A

O to A and her heirs;

A: possessory estate in fee simple subject to an executory limitation

B: executory interest in fee simple absolute

however, if B reaches 25, then to B |

27
Q

What is the state of the title?

O to A for life or until B reaches 25, then to B

A

O to A for life or until B reaches 25, | then to B.

A: possessory estate in life estate determinable

B: vested remainder in fee simple absolute

O: no future interest

[O has no reversion because B doesn’t have to reach 25 in order to become possessory. The condition is simply one way A’s life estate can end. Whether A’s life estate ends by A’s death or by B’s 25th birthday, B’s future interest will become possessory. Even if B dies before A dies, B’s interest will becoms possessory, enjoyed by B’s heirs or devisees.]

28
Q

What is the state of the title?

O to A and her heirs, on the condition that A does not use the property for a tavern, but if a uses the property for a tavern, then to B.

A

O to A and her heirs, | on the condition that A does not use the property for a tavern, but if a uses the property for a tavern, then to B. |

A: possessory estate in fee simple subject to an executory limitation

B: executory interest in fee simple absolute

29
Q

What is the state of the title?

O to A, provided that the city does not change the property’s zoning classification, otherwise to B

A

O to A, | provided that the city does not change the property’s zoning classification, otherwise to B. |

A: possessory estate in fee simple subject to an executory limitation

B: executory interest in fee simple absolute

30
Q

What is the state of the title?

O to A while A is attending State University, then to B

A

O to A while A is attending State University, | then to B. |

A: possessory estate in fee simple determinable

B: executory interest in fee simple absolute

31
Q

Answer client’s question.

“I want to have a will that leaves allof my estate, including my house, to all my children. However, one of my chiildren, Timothy, is severely disabled. If my daughter Christine is willing to care for him so that he does not have to live in an institution, I want her to be able to live with him in the house. But if the care proves to be too much for her, then I want the house to go to all the children. They can do with it what they please. Is this possible?”

A

“Yes, You can give Christine a life estate to extend for as long as she is taking care of Timothy in the home. When she is no longer able to care for him in the home, the possessory estate would pass to all of your children, and they would be able to sell or rent the property. A life estate wouldgive Christine sufficient control over the house so that she would not have to involve the rest of the family in maintenace, repairs, or routine remodeling. However, she wouldn’t be able to do things that would significantly decrease the value of the property in the future. That way, everyone’s interests would be protected. The formal name for Christine’s estate would be possessory estate in life estate determinable (or subject to an executory limitiation, depending on how we phrase it). The formal name for the future interest given to all the children together would be an executory interest in fee simple absolute.”

32
Q

Answer client’s question.

“My church needs to expand, and I own property right next door. I don’t need it anymore, and I’d like to donate the property to the church for as long as the church needs the space. If the church ever doesn’t need the space, I’d like the property to go to the Bibb County Library. How can this be arranged?”

A

“You can convey to the church what’s called a fee simple determinable and convey to the Bibb County Library a future interest called an executory interest. You’ll have to decide exactly what limitation to put on the church. For instance, do you want the possessory estate to go to the Library if the church stops using the land for worship, religious education, and fellowship, or would you still want the church to be able to ‘use’ the property by renting it out and collecting the proceeds? As soon as you decide what limitation you want to place on the church, we can draft a conveyance that will do exactly what you wish.”

33
Q

Answer client’s question.

“My parents’ wills devised their farm to my brother Jim. The will said this: ‘We give the farm to Jim as long as he farms the property. If he ever stops farming the property, we give it to our daughter, Janice.’ Jim was in a car accident, he is now permanently disabled. He can no longer farm the land. Who owns the farm now? If I own it, what happens if I don’t farm it?”

A

” The will gave Jim a fee simple determinable and gave you an executory interest in fee simple absolute. This means that if Jim stops farming the land, even if it is for a good reason, his possessory estate automatically ends and you automatically become the owner. The way the will is worded, you have no limitation on your ownership. That means you do not have to farm the land. A fee simple owner can sell the land, rent it, give it away, let it lie fallow, develop it, farm it, or use it in any other lawful way…”