Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amy was the owner of two parcels of land, one known as Ashacre, and the other known as Alleyacre. By a deed dated January 1,

Amy was the owner of two parcels of land, one known as Ashacre, and the other known as Alleyacre. By a deed dated January 1, she granted Ashacre "to Baptist Church for as long as the realty is used as a home for the needy, but if said realty shall ever cease to be used as a home for the needy, to Second Harvest." By a deed dated January 2, she granted Alleyacre "to Husband for life, remainder to Daughter, but if the realty shall ever be used for any purpose other than residential, to Second Harvest."

Second Harvest has a valid future interest in

Select one:

a. Ashacre only.

b. Alleyacre only.

c. Ashacre and Alleyacre.

d. Neither Ashacre nor Alleyacre.

Assuming that Second Harvest's interest in Alleyacre is valid, it is best described as a

Select one:

a. vested remainder subject to divestment upon a condition subsequent.

b. contingent remainder.

c. shifting executory interest.

d. springing executory interest.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial ACCT2

Authors: Norman H. Godwin, C. Wayne Alderman

2nd edition

9781285632544, 1111530769, 1285632540, 978-1111530761

Students also viewed these Law questions