Roberto Rancher owns 500 acres of mountainous, arid land in…

Roberto Rancher owns 500 acres of mountainous, arid land in Arizona along the Mexican border. One day he is looking for a lost cow, he discovers a valley that he had never seen before. He soon sports a sports utility vehicle crashed at the bottom of the valley. The SUV is marked “Desert Tours,” and the only thing inside is a bag sitting on the front seat that is filled with $24,000 in U.S. currency. Rather reports his find to Desert Tours, who explains that the SUV had been stolen seven months before. Desert Tours has no idea where the money came from, but says it should get the money now. Whether Rancher or Desert Tours gets the money found in the SUV depends upon whether the money is viewed as:

In 2006, Susan devises Blackacre “to Julia for life, then to…

In 2006, Susan devises Blackacre “to Julia for life, then to the first female president of the United States of America.” Assume that the first female president is elected in November 2048, that she was born in the year 2007, and that Julia dies in 2030. The remainder is valid under which of the following perpetuities reform measures?The cy pres doctrine.Wait-and-see.USRAP.Abolition of the rule as applied to perpetual trusts.

Fifteen years ago the Reading Corporation made a gift of lan…

Fifteen years ago the Reading Corporation made a gift of land to Literate City for use as the site for a city library. The deed provided that “if at any time the city shall cease to use the land for library purposes, then title to the land shall pass to Fred and Floy.” Fred and Floy are the sole shareholders of Reading Corporation. Literate City promptly constructed a library on the site. The library opened to the public 14 months after delivery of the deed to the city, and it has remained open ever since. What is the status of the future interest granted to Fred and Floy under the Rule against Perpetuities?