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9 Cards in this Set
- Front
- Back
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Remainder
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a future interest that is capable of becoming possessory at the termination of the prior estate
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Possibility of Reverter
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a future interest remaining in the transferor or his heirs when a fee simple determinable is created
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Reversion
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the interest remaining in the grantor who transfers a vested estate of a lesser quant than that of the vested estate which he has
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Right of Entry
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the grantor's power to cut short or terminate an estate subject to condition subsequent
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Executory interest
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a future interest in a transferee that can take effect only by divesting (cutting short) another interest
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Indefeasibly vested remainder
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remainder that is certain of becoming possessory in the future and cannot be divested
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shifting executory interest
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divests or cuts short some interest in another transferee
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springing executory interest
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divests the transferor in the future
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Rule Against Perpetuities
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invalidates any interests not guaranteed to vest or terminate within a life in being plus 21 years, even in cases where vesting within the required time is in fact extraordinarily probable
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