property Flashcards
Intent
Severance: donor must have the present purpose to irrevocably sever interest in the property
Symbolic Delivery
Handing over of something is merely representative of the gifted property
constructive delivery
act of handing over an item by the donor that permits the donee to use the gift (keys to car)
acceptance
presumed by law for value gifts (arguable)
Gifts Intervivos v gifts causa mortis
I: donor is in good health and has full capacities
CM: Donor expects death but gift is revocable upon recovery
Wills
passing of property upon death of the donor only + statute requires that it must be in writing and in the presence of a witness
Life Estate
Possessory rights for the duration of the recipient’s life
After their death– reversion or remainder
reversion
back to the grantor
remainder
goes to someone else
Engagement Rings as Gifts
Conditional Gifts: Fault based or no fault based (someone ruins marriage, business death, conditional or not)
California Civil COde § 1590: Engagement Rings
“where either party to a contemplated marriage … makes a gift … to the other on the basis or assumption that the marriage will take place, in the event that the donee refuses to enter into the marriage as
contemplated or that it is given up by mutual consent, the donor may recover such gift or such part of its value.
Estate
refers to the length of time that an ownership lasts
Fee Simple
Ownership of unlimited duration (unless transferred, it passes onto devisees under will or to heirs if no will)
Life Estate
possessory estate of limited time duration (“for life”)
Can also be for life of another person than the grantee (life estate pour autre vie)
Transferable inter vivos: not devisable or inheritable
Waste & Life Estates
Use must be consistent with the fact that the property will be handed over to the remainder man on the death of the life tenant– can’t permanently impair the value
3 types: (Affirmative, Permissive, Ameliorative)
Affirmative Waste
affirmative action that damages the land permanently (voluntary: burn the barn, cut trees)
Permissive Waste
Failure to act reasonably to protect against deterioration (involuntary: chronic leak, not paying property taxes, interest payment on mortgage)
Ameliorative Waste
Affirmative action that change the principal use of the land, increasing its value Actionable when (1) grantor intended for there to be no change in the land
Defeasible Fee Simple
Estates that are subject to termination based on a future event
Fee Simple Determinable
Grantor intends to grant fee simply only until a specified future event happens
Grantor retains a possibility of reverter (not revision)
“so long, as, until, during, while”
Transferable but nature stays the same
Fee Simple Subject to Condition Subsequent
Fee simple but can be revoked by grantor if some future event happens
Grantor retains right of entry/ power of termination
“Provide, however, but if, on condition that”
Fee Simple subject to an executory limitation
The estate is transferred to a grantee until some future event happens
Grantor creates a future interest in a third party
Reversion
created when a grantor conveys a lesser estate than he or she originally owned
always vested
Possibility of Reverter
Grantor conveyed the same quality estate as they originally had but conveys it with a determinable limitation
potentially contingent
Power of termination/Right of Entry
Grantor retains the power to cut short the conveyed estate
Contingent remainder
A remainder with some uncertainty, either (1) with regard to the identity of the person to take possession or (2) the fact that that person actually will take possession
Vested Remainder
A remainder is given to a presently existing and ascertained person, and (2) not subject to a condition OR subject to a contingency that occurred to a condition that disappeared
Ad coelum doctrine
“for whoever’s is the soil, it is theirs all the way to Heaven and all the way to hell”
owner of the land has right to the air above and the ground below property
Most important stick in the bundle (Pile v Pedrick, Jacques v Steenberg)
Limitations: Navigable air ( public domain) Griggs, Control (cave entrance) Edward v Sims, Fugitive resources, remedies might be adjusted to take into account circumstances
Quasi Public Property
Civil Rights Act of 1866 (race discrimination), Civil Rights Act of 1964 (race, color, religion, national origin, not gender),Title III (public accommodations and commercial facilities), Private clubs
Civil Rights Act of 1866
Race discrimination only
damages available
Before ‘64, only applied to state actors, not private citizens and then private actors as well later