Lesson 3 Technical Rules Applied to Estates in Land Flashcards

1
Q

Doctrine of Destructibility of Contingent Remainders

A

An interest must vest at or prior to expiration of the preceding estate expires. Any interest which has not yet vested at the time preceding estate expires is destroyed.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

The Rule in Shelley’s Case

A

If an instrument creates a freehold in A and purports to create a remainder in A’s heirs (or the heirs of A’s body), and the estates are both legal or both equitable, the interests all merge to become a fee simple (or fee tail) in A.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Doctrine of Worthier Title

A

“One cannot either by conveyance or will, give a remainder to his own heirs”.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Rule Against Perpetuities

A

No interest is good unless it must vest, if at all, not later than 21 years after some life in being at the creation of the interest.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Rule Against Waste

A

If the owner of a present interest acts unreasonably and in such a way as to substantially reduce the value of the future interest, he may be liable to the owner of the future interest for that reduction in value.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly