Ch 5 Quiz 9/10

An interest that reads "From A to life, and then to B": Identifies a life estate Identifies a fee tail Is a conveyance that most states would not recognize Is a conveyance that most states would convert to a fee simple absolute

Identifies a life estate

A conveyance which reads "From A to B for the life of A's brother, C" is an example of: An executory interest A life estate pur autre vie A fee simple subject to a condition subsequent A Fee tail

A life estate pur autre vie

A conveyance reads "From A, to B so long as B continues to use the property as a campground." This interest: Automatically reverts back to A if B ceases to use the property for a campground Allows A to bring a lawsuit against B to reclaim the property if B ceases to use the property as a campground

Automatically reverts back to A if B ceases to use the property for a campground??

The rule against perpetuities applies to: Possibility of reverter Executory interests

Executory interests

The language "for so long as" or "unless" are used to represent what type of interest? Fee simple absolute Fee tail Fee simple on a condition subsequent Life estate Fee simple determinable

Fee simple determinable

An ownership interest which terminates upon the occurrence or non-occurrence of some condition, limitation or restriction is called a(n): Fee tail Fee simple determinable Life estate Vested remainder Fee simple subject to a condition subsequent

Fee simple subject to a condition subsequent

A life tenant generally MUST do all of the following, except: Make ordinary repairs to the property Pay the mortgage principal Avoid committing waste Pay taxes on the property

Pay the mortgage principal

A conveyance characterized as complete ownership of the property lasting forever is a(n): Life estate Vested remainder Fee simple absolute Leasehold estate

fee simple absolute

Mike wants to give Gladys, his daughter, title to Blueacre, so Gladys can fulfill her dream of owning a coffee shop. But Mike despises alcohol and doesn't want it served on the premises. Which type of conveyance would offer Mike the easiest way to reacquire title to Blueacre should Gladys begin serving alcohol at the coffee shop? Fee simple absolute Fee tail Life estate Fee simple determinable Fee Subject to a condition subsequent

fee simple determinable ?

An estate in which the owner has a present possessory interest in the real property is called a(n): Life estate Vested remainder Fee simple absolute Freehold estate

freehold estate