Foundational Marketabbility Flashcards
1
Q
Destructibility
A
1) Legal CR
2) Does not vest at or before the termination of the
3) Preceding freehold
4) (Land only)
2
Q
Shelley’s
A
1) One instrument
2) Freehold in transferee
3) Subsequent VR or CR in transferee’s heirs
4) All equitable or all legal
5) In land
3
Q
DWT
A
1) Inter vivos
2) R in EI
3) Transferor’s heirs
4) (historic in land) Modern to all property