Future Interest Cheat Ex: Flashcards
Fee simple subject to condition subsequent granted means the grantor now has a
Right of Entry in ____________
Fee simple determinable granted means the grantor now has a
Possibility of reverter in _______________
Life estate granted means the grantor has a
Reversion in _________________
Life estate & third party has a future interest with 100% certainty they will have it
Remainder vested indefeasible
Life estate & third party has a future interest & the class may enlarge
Remainder vested subject to open
Life estate & third party has a future interest & there is a condition subsequent
Remainder vested subject to divestment
Life estate & third party has a future interest & do not who the person is or there is a condition precedent
Contingent remainder
Fee Simple & third party has a future interest where it divests to transferee (aka A) then A has a
Shifting executory interest
Fee Simple & third party has a future interest where it divests to transferor (aka O) then O has a
Springing executory interest