Fee Simple Subject to Executory Limitation Flashcards
1
Q
Using A and B as the parties, what sort of language creates a FSSEL?
A
To A, but if X event occurs, then to B.
2
Q
To Barry Manilow, but if Manilow ever performs music on the premises, then to Mandy.
Barry has?
Mandy has?
A
Barry has a FSSEL (to Mandy’s shifting executory interest)
Mandy has a shifting executory interest
3
Q
What is the future interest accompanying a FSSEL?
A
Shifting executory interest
4
Q
How does FSSEL differ from a FSD?
A
If the condition is broken, the estate is automatically forfeited in favor of someone other than the grantee.