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18 Cards in this Set
- Front
- Back
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Types of possessory estates
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Fee simple absolute
Fee simple defeasible |
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What is a fee simple subject to executory limitation
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Possessory interest with a future interest vesting in a third party
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In A Fee Simple Subject To Executory Interest, Does The Future Interest Vest Automatically?
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Yes
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What Is The Future Interest(s) That Follow A Fee Simple Determinable
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Possibility of Reverter
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What Is The Future Interest(s) That Follow A Fee Simple Subject To Condition Subsquest?
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Right of Entry--Power Of Termination
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What Is The Future Interest(s) That Follow A Fee Simple Subject To Executory Limitation?
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Executory Interest
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To Whom Goes The Future Interest In A Fee Simple Determinable If The Conveyance Fails To Express It?
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Grantor
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What Are the Two Types Of Executory Interest
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Shifting And Sprining
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Define SHIFTING executory interest
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Executory Interest Coming From A THIRD PARTY Party--not the Grantor
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Define SPRINGING Executory Interest
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Executory Interest Coming From The Grantor
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WORDS OF LIMITATION
As long as... |
Fee Simple Determinable
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WORDS OF LIMITATION
However if... |
Fee Simple Subject To Condition Subsquent
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WORDS OF LIMITATION
Until |
Fee Simple Determinable
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WORDS OF LIMITATION
Provided That... |
Fee Simple Subject To Condition Subsquent
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WORDS OF LIMITATION
While... |
Fee Simple Determinable
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WORDS OF LIMITATION
But If... |
Fee Simple Subject To Condition Subsquent
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WORDS OF LIMITATION
So Long As... |
Fee Simple Determinable
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WORDS OF LIMITATION
During... |
Fee Simple Determinable
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