Property Flashcards
1
Q
What is a fee simple determinable?
A
A fee simple which is limited by specific durational language. Examples of such language are:
while, during, until
2
Q
What interest follows a fee simple determinable?
A
possibility of reverter
3
Q
What is a fee simple subject to executory interest?
A
A fee simple that will end upon the happening of an event and the future interest will vest in a third party.
4
Q
What interest follows a fee simple subject to executory limitation?
A
An executory interest.
5
Q
What is a fee simple subject to condition subsequent?
A
A fee simple which is limited by specific conditional language - but if, provided, on the condition that
6
Q
What interest follows a fee simple subject to condition subsequent?
A
Right of Entry
