Rule Against Perpetuities Flashcards

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1
Q

What is the method to solving a rap question?

A
  1. When: identify when the interest are created
  2. what: determine if the interest created are subject to rap
  3. Who: identify the relevant and, if applicable, validating lives
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2
Q

What interest does rap apply to?

A
  1. Contingent remainder
  2. Executory interest
  3. Vested remainder subject to open
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3
Q

What is the relevant life?

A

Person who affects vesting, usually mentioned or implied by the grant

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4
Q

Who is the validating life?

A

Person who tells us whether or not the interest vest within the perpetuities period (21 years) will

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5
Q

What happens when there’s a violation of the RAP?

A

We strike out the violating interest, as if the interest was never created in the first place.

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6
Q

How does the rule of convenience apply to rap?

A

For the purposes of avoiding RAP, The class closes as soon as a member of the class is entitled to immediate possession.

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7
Q

What is the all or nothing rule?

A

If the gift to any member of the class is void under RAP, then the gift is void as to all members of the class.

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8
Q

What are the exceptions to RAP?

A

Doesn’t apply to:

  • charity to another charity
  • an option held by a current tenant to purchase a fee interest in the leasehold property
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