Exam 2 - Property Flashcards
FEE SIMPLE ABSOLUTE
“To A and her heirs”
FEE SIMPLE DETERMINABLE
“So long as” while, until, during
FEE SIMPLE SUBJECT TO A CONDITION SUBSEQUENT
“Provided that, but if, condition that…
SUBJECT TO EXECUTORY LIMITATION
3rd Party will take away property
O gives Blackacre “to A for life.” Then A gives his interest to B
A - has life estate
B has life estate measured by A’s life, indefeasible
O - Reversion in fee simple absolute
O gives Blackacre “To A for life, then to B and her heirs.”
A has life estate indefeasible
B - Vested remainder in fee simple absolute
(O gets nothing because it is fee simple absolute and is vested)
O gives Blackacre “to A for life, then to B and her heirs if B attains the age of 21 before A dies.”
A - has life estate indefeasible (A can’t lose it before A dies)
B - Contingent remainder fee simple absolute
O - Reversion in fee simple absolute
O gives Blackacre “to A for life, BUT IF the old oak tree falls, O may enter and take the property back.”
A - has life estate subject to condition subsequent
O - Right of entry in life estate indefeasible and/or Reversion in fee simple absolute
O gives Blackacre “to A for life, then to B and her heirs, but if A divorces, then, on the divorcee, to C.”
A - has life estate subject to executory limitation
B - Vested remainder, has fee simple subject to executory limitation
C - Executory interest in fee simple absolute
O gives Blackacre “to A for life, then to B, with both estates to continue only so long as C does not get married
A- has life estate determinable
B - Vested remainder fee simple determinable (b/c B is waiting patiently for A to die)
C - Reversion in fee simple absolute