Shared Flashcard Set

Details

Real Property
Final Exam Flash Cards
15
Law
Professional
12/08/2011

Additional Law Flashcards

 


 

Cards

Term
Fee Simple Absolute
Definition
Owner of the land
Term
Reversion
Definition
Ability to take back land (an interest)
Term
Fee Simple Determinable
Definition
If condition is broken, the grant immediately terminated
Term
Fee Simple Subsequent
Definition
The right of re-entry
Term
Determinable (Key Words - 6)
Definition
"only"
"so long as"
"during"
"while"
"unless"
"until"
Term
Condition Subsequent (Key Words - 4)
Definition
"forever"
"provided that"
"but if"
"on condition that"
Term
August transfers Greenacre "to Brian for construction and operation of a convenience store" (What is the interest?)
Definition
Fee Simple Absolute - The transfer looks conditional, but it is too soft to be a fee simple condition subsequent.
Term
August transfers Greenacre "to Brain for construction and operation of a store, provided, however, if Brian sells alcohol on Greenacre, then August may re-enter & re-take the land" (What is the interest?)
Definition
Fee Condition Subsequent - "provided" signals, "then August…" shows that it is conditional
Term
August transfers Greenacre "to Brain for construction and operation of a store so long as brain does not sell alcohol on Greenacre." (What is the interest?)
Definition
Fee Simple Determinable - Allowed until the condition is broken. Brian's interest is fee simple determinable, and August's interest is potential reversion.
Term
August transfers Greenacre "to Brian only for construction and operation of a convenience store" (What is the interest?)
Definition
Fee Simple Determinable - Allowed until the condition is broken
Term
August transfers Greenacre "to Brian for construction and operation of a convenience store only" (What is the interest?)
Definition
Fee Simple Determinable - Allowed until the condition is broken
Term
August transfers Greenacre "to Brian for use as a construction and operation of a convenience store unless Brian sells alcohol on Greenacre." (What is the interest?)
Definition
Fee Simple Determinable - The interest is allowed only if Brian does not sell alcohol, if sold the condition is broken.
Term
August transfers Greenacre "to Brian forever on condition that the premises be used for construction and operation of a convenience store." (What is the interest?)
Definition
Fee Simple Condition Subsequent - Language suggests that if Brian changes use, August may try to revert. Main purpose of the grant is to construct and operate a convenience store

A defeasible fee - if hypo said "forever the premises" it would be fee simple absolute - no "condition"
Term
August transfers Greenacre "to Brian for construction and operation of a convenience store so long as Brian does not sell alcohol, then to Christie and her heirs." (What is the interest?)
Definition
Fee Simple Determinable - Language signals that interests remain until condition broken
Term
August transfers Greenacre "to Brian for use as a campaign head quarters so long as Brian runs for and hold county office." (What is the interest?)
Definition
Fee Simple Determinable - Language signals that Brian holds interest as long as he uses for campaign headquarters.
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