Future Interests Quiz

Question 1 of 9

1. Question

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?

A contingent remainder.
A vested remainder subject to open.
A reversion subject to open.
Nothing.

Question 2 of 9

2. Question

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?

Nothing.
Possibility of reverter.
Reversion
Both a possibility of reverter and a reversion.

Question 3 of 9

3. Question

Owner conveys farm to Betty for life, and then her child Carla. What future interest does Carla have? What future interest does Owner have?

Carla has an indefeasibly vested remainder. Owner has nothing.
Carla has a vested remainder subject to open. Owner has nothing.
Carla has a vested remainder subject to open. Owner has a reversion.
Carla has a contingent remainder. Owner has a possibility of reverter.

Question 4 of 9

4. Question

Owner conveys farm to Cindy, “when Cindy learns to drive a tractor.” What type of interest does Cindy have?

An indefeasibly vested remainder.
A contingent remainder
A springing executory interest.
A shifting executory interest.

Question 5 of 9

5. Question

Owner conveys farm to Cindy, “when Cindy graduates from law school.” Which of the following accurately describes Owner’s interest in the property?

Fee simple absolute.
Fee simple absolute subject to a remainder.
Fee simple subject to an indefeasibly vested remainder.
Fee simple subject to a springing executory interest.

Question 6 of 9

6. Question

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?

Owner has nothing. Betty has a springing executory interest.
Owner has nothing. Betty has a shifting executory interest.
Owner has a contingent remainder. Betty has a contingent remainder.
Owner has a contingent remainder. Betty has a vested remainder.

Question 7 of 9

7. Question

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?

Owner has a right of entry because as the owner he has the right to monitor the property. Alan has no future interest. Alan’s children as yet unborn, have contingent remainders subject to open.
Owner has a reversion because the property will return to him after Alan’s life estate ends. Alan has no future interest because he has a life estate and even if he had children, they would have future interest, either.
Owner has a remainder because the property will return to him after Alan’s life estate ends. Alan has no future interest because he has a life estate and even if he had children, they would have future interest, either.
Owner has a possibility of reverter because immediately upon Alan passing, the land will return to him, although we do not know when this will occur. Alan has no future interest because he has a life estate and even if he had children, they would have future interest, either.

Question 8 of 9

8. Question

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.

Owner has a possibility of reverter. Alan has an unvested life estate. Betty has a remainder subject to a condition precedent.
Owner has a right of entry. Alan has a life estate subject to Betty’s contingent remainder. Betty has a vested remainder.
Owner has a right of entry. Alan has a life estate subject to a condition subsequent. Betty has an indefeasibly vested remainder.
Owner has a right of entry. Alan has a life estate subject to a condition subsequent. Bestty has a vested remainder subject to complete divestment.

Question 9 of 9

9. Question

For each conveyance, answer which interest best applies.

Sort elements

Right of Entry
Vested remainder subject to open.
Possibility of Reverter
Reversion
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?

Future Interests Quiz