The helix structure on the right of the figure below represents
16. John has a fee simple absolute in a lot with a flow…
16. John has a fee simple absolute in a lot with a flower shop called Green Shop. He conveys the following interests in a valid inter vivos conveyance: “I give Paul the Green Shop on the condition that the Green Shop continues to be operated as a flower shop and reserve my rights to the lot if Green Shop ever does not continue to be operated as a flower shop.” What is most correct statement describing Paul’s interest in the Green Shop?
5. Owen is married to Ariel and they have two children, Beth…
5. Owen is married to Ariel and they have two children, Beth and Cal, age 3 and 4. Owen owns Blackacre in fee simple and creates a valid will with the following language: “I grant Blackacre to my wife, Ariel, for her life; then to my daughter, Beth, for her life; then to my grandchildren who reach 21.” Assume in the relevant jurisdiction that the common law rule against perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. After Owen’s death, the future interest in Owen’s grandchildren who reach 21 is best characterized as:
26. Oldie, the owner of a property with a store called…
26. Oldie, the owner of a property with a store called Goodwill Bookstore, executed a valid grant deed using the following language: “I give the property with Goodwill Bookstore to Jason for life, then to Justin, but if the property with Goodwill Bookstore ever stops being a bookstore, then the property should go to Jennifer.” Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. After the deed is delivered, which of the following accurately describes Jennifer’s interest in Goodwill Bookstore?
22. Olson, owner in fee simple of a property with a bak…
22. Olson, owner in fee simple of a property with a bakery called Hot Cross Buns Bakery, creates a valid inter vivos instrument with the following language: “I give David my entire interest in Hot Cross Buns Bakery, provided that he does not use raisins in the bread.” What, if any, future interest is created by this conveyance?
19. Owen wants to gift his house in the City of Overlan…
19. Owen wants to gift his house in the City of Overland, which he owns in fee simple, to his daughter, Linda, but he wants Linda to be more mature enough before giving her the property. Therefore, Owen conveys the following interests in a valid inter vivos conveyance: “I give my house in Overland to Linda when she turns 21.” After the conveyance, Linda’s future interest is best described as:
8. Buyer purchased Blackacre from Seller. Seller info…
8. Buyer purchased Blackacre from Seller. Seller informed Buyer about how Blackacre was encumbered with a past mortgage with a $100,000 outstanding loan balance, due to Seller’s borrowing. The past mortgage did not include a due on sale clause. Buyer and Seller agreed that Buyer would assume the mortgage and Buyer did so with a valid written assumption agreement. Seller delivered a valid deed to Buyer, which was validly recorded. Six months later, Buyer defaulted on the mortgage and the mortgagee initiated a judicial foreclosure. The proceeds from the foreclosure sale were insufficient to cover the outstanding loan balance on the mortgage.There are no anti-deficiency statutes in the relevant jurisdiction.Can the mortgagee recover the deficiency from Buyer or Seller?
36. Thomasina, the owner of Blackacre in fee simple, co…
36. Thomasina, the owner of Blackacre in fee simple, conveys Blackacre in a valid deed using the following language: “I grant Blackacre to Adam for life, then to Adam’s children for their lives, and upon the death of Adam and Adam’s children, then to Bobby if Adam has no grandchildren. Assume in the relevant jurisdiction that the doctrine of destructibility of contingent remainders, common law Rule Against Perpetuities, Doctrine of Worthier Title, Rule in Shelley’s Case and merger are not abolished and apply where applicable. Which of the following accurately describes the interests the conveyance creates?
15. Owen has a fee simple absolute in Greenacre and he…
15. Owen has a fee simple absolute in Greenacre and he conveys the following interests in a valid inter vivos conveyance: “I grant Greenacre to Judy for life, then to Judy’s children and their heirs, but if Judy is not survived by her children, then to David and his heirs.” At the time of the conveyance, Judy was alive and childless. Two years after Owen’s conveyance, Judy gives birth to two children, Julia and Carl. Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. What interest did Judy’s children have at the time of Owen’s conveyance?
32. O, the owner of Blackacre in fee simple, conveys B…
32. O, the owner of Blackacre in fee simple, conveys Blackacre in a valid deed using the following language: “I grant Blackacre to A for life with the remainder going to my heirs.” One month later, in a valid deed, A conveys her interest in Blackacre “to B so long as B manages an auto repair business.” Two years later A dies. B is still running an auto repair business. Assume in the relevant jurisdiction that the doctrine of destructibility of contingent remainders is abolished, but other special rules such as common law Rule Against Perpetuities, Doctrine of Worthier Title, Rule in Shelley’s Case and merger are not abolished and apply where applicable.What interest does B have in Blackacre after A’s death?