Future Interests Quiz
Future Interests Quiz
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- Question 1 of 9
Owner conveys farm to Alan for life, remainder to his children. Alan is 60 and has no children. What are the children’s future interests?CorrectIncorrect
- Question 2 of 9
Owner conveys farm to Alan for life and then his children, so long as Alan does not use the property to sell alcohol. Alan does not have children. What is Owner’s future interest?CorrectIncorrect
- Question 3 of 9
Owner conveys farm to Betty for life, and then her child Carla. What future interest does Carla have? What future interest does Owner have?CorrectIncorrect
- Question 4 of 9
Owner conveys farm to Cindy, “when Cindy learns to drive a tractor.” What type of interest does Cindy have?CorrectIncorrect
- Question 5 of 9
Owner conveys farm to Cindy, “when Cindy graduates from law school.” Which of the following accurately describes Owner’s interest in the property?CorrectIncorrect
- Question 6 of 9
Owner conveys farm to Nephew and his heirs for life; but if the farm is ever used to hold music festivals, the property shall go to Betty. What is Owner’s interest? What is Betty’s interest?CorrectIncorrect
- Question 7 of 9
Owner conveys farm to Alan for life. At the time, Alan has no children. Which of the following best describes future interests based on this conveyance?CorrectIncorrect
- Question 8 of 9
Owner conveys farm to Alan for life, then to Betty and her heirs, but if Alan or Betty use the property to sell tobacco, then Owner shall have the right to reenter and take possession of the property. Describe the future interests.CorrectIncorrect
- Question 9 of 9
For each conveyance, answer which interest best applies.
- Right of Entry
- Vested remainder subject to open.
- Possibility of Reverter
- Remainder subject to condition precedent.
- Shifting executory interest.
- Vested remainder, subject to complete divestment.
- Indefeasibly vested remainder.
- Farm to A, but if A smokes, Owner may re-enter. Owners’s interest is best described as a?
- Farm to A for life, then to A’s children. A has one child, B. B has?
- Owner conveys farm to B for so long as B does not drop out of art school. Owner has?
- Owner conveys farm to T for one year. Owner has?
- Owner conveys farm to B and her heirs if B earns a blackbelt in judo. B has?
- Owner conveys farm to A for life, but if A fails to graduate law school within six years, then to B. B has?
- Owner conveys farm to A for life, then to B, but if B is arrested for a felony, the farm reverts to Owner. B has?
- Owner conveys farm to A for life, then to C. C has?