Transactions Flashcards
O conveys Blackacre to A for ten years, remainder to B for life, remainder to the Church of the Seven Rays its successors and assigns, so long as the premises shall be used for church purposes.
O conveys Blackacre to A for ten years, remainder to B for life, remainder to the Church of the Seven Rays its successors and assigns, so long as the premises shall be used for church purposes.
Words of Purchase
- To A
- To B
- To the Church of the Seven Rays
Words of Limitation
- For ten years
- Remainder . . . for life
- Remainder . . . its successors and assigns as long as the premises shall be used for church purposes
8.7.3
O conveys Blackacre to A and his heirs, but if A shall die without issue living at her death, to the heirs of B.
8.7.3
O conveys Blackacre to A and his heirs, but if A shall die without issue living at her death, to the heirs of B.
Words of Purchase
- To A
- To the heirs of B
Words of Limitation
- And his heirs but if A shall die without issue living at her death
- (And her heirs)
8.7.3
O conveys Blackacre to A and his heirs.
O conveys Blackacre to A and his heirs.
Interests
- A has a fee simple
- O has nothing.
O conveys Blackacre to Greenpeace, its successors and assigns, so long as the premises shall be used for environmental purposes.
- 7.3
- 7.3
O conveys Blackacre to Greenpeace, its successors and assigns, so long as the premises shall be used for environmental purposes.
Interests
- Greenpeace has a fee simple determinable which will end when the premises are no longer used for environmental purposes
- O has a possibility of reverter in fee simple.
- 7.3
- 7.3
- 7.3
O conveys Blackacre to A and his heirs, but if the premises shall be used for the sale of drugs then O may re-enter and repossess the premises.
8.7.3
O conveys Blackacre to A and his heirs, but if the premises shall be used for the sale of drugs then O may re-enter and repossess the premises.
Interests
- A has a fee simple subject to a condition subsequent
- O has a power of termination and a right of entry
- 7.3
- 7.3
O conveys Blackacre to A for life.
O conveys Blackacre to A for life.
Interests
- A has a life estate measured by A’s life.
- O has a reversion in fee simple.
- 7.3
- 7.3
- 7.3
- 7.3
O conveys Blackacre to A for life. A transfers all A’s interest to B.
O conveys Blackacre to A for life. A transfers all A’s interest to B.
Interests
- A has nothing. A transferred all A had to B.
- B has a life estate pur autre vie. (for the life of A)
- O has a reversion in fee simple.
- 7.3
- 7.3
- 7.3
O conveys Blackacre to A for life and in the event of A’s death to B and her heirs.
O conveys Blackacre to A for life and in the event of A’s death to B and her heirs.
Interests
- A has a present possessory life estate measured by A’s life.
- B has a vested remainder in fee simple.
- O has nothing.
- 7.3
- 7.3
O conveys Blackacre to A for life, then to B and her heirs.
8.7.3
O conveys Blackacre to A for life, then to B and her heirs.
Interests
- A has a present possessory life estate measured by A’s life.
- B has a vested remainder in fee simple.
- O has nothing.
- 7.3
- 7.3
- 7.3
- 7.3
O conveys Blackacre to A for life, then to B for five years.
O conveys Blackacre to A for life, then to B for five years.
Interests
- A has a present possessory life estate measured by A’s life.
- B has a vested remainder in tenancy for a term of years.
- O has a reversion in fee simple.
- 7.3
- 7.3
O conveys Blackacre to A for life, then to B and the heirs of her body.
8.7.3
O conveys Blackacre to A for life, then to B and the heirs of her body.
Interests
- A has a present possessory life estate measured by A’s life.
- B has a vested remainder in fee simple.
- O has nothing.
- 7.3
- 7.3
- 7.3
O conveys Blackacre to A for life, then to the heirs of B. B is alive.
8.7.3
O conveys Blackacre to A for life, then to the heirs of B. B is alive.
Interests
- A has a present possessory life estate measured by A’s life.
- The heirs of B have a contingent remainder in fee simple.
- O – Depends on jurisdiction
- If contingent remainder recognized, O has nothing.
- If contingent remainder destroyed, O has a reversion in fee simple.
8.7.3
O conveys Blackacre to A for life, then to A’s children and their heirs. A has one child, B.
8.7.3
O conveys Blackacre to A for life, then to A’s children and their heirs. A has one child, B.
Interests
- A has a present possessory life estate measured by A’s life.
- A’s children have a vested remainder in fee simple subject to open.
- B has a vested remainder in fee simple subject to partial divestment if A has more children.
- O has nothing.
8.7.3
O conveys Blackacre to A for life, remainder to such of A’s issue as survive him.
O conveys Blackacre to A for life, remainder to such of A’s issue as survive him.
Interests
- A has a present possessory life estate measured by A’s life.
- Such of A’s issue as survive him have a contingent remainder in fee simple.
- O – Depends on jurisdiction
- If contingent remainder recognized, O has a reversion fee simple subject to defeasance.
- If contingent remainder destroyed, O has reversion in fee simple.
8.7.3
O conveys Blackacre to A for life, then to A’s children and their heirs. At the time of the conveyance, A is living with two children B and C. Then A has another child D. After that A dies.
O conveys Blackacre to A for life, then to A’s children and their heirs. At the time of the conveyance, A is living with two children B and C. Then A has another child D. After that A dies.
Interests
- B, C, D each have a 1/3 interest in fee simple.
- A has nothing.
- O has nothing.