Rule Against Restraints on Alienation Flashcards
1
Q
Four types of restraints on alienation and whether they’re valid:
A
1) disabling restraints (attempted transfers are ineffective) = VOID
2) forfeiture restraints (attempted transfer forfeits the interest) = MAYBE VALID
3) promissory restraints (attempted transfers breach a covenant) = MAYBE VALID
4) discriminatory restraint (race, religion, etc) = VOID