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Huang owns a 5 0 0 - acre tract of land known as Blackacre. He executes a deed conveying Blackacre with the following language,
Huang owns a acre tract of land known as Blackacre. He executes a deed conveying Blackacre with the following language, To Hunt for life, then to Conrad." Hunt is excited to receive Blackacre, but soon executes a deed to the property with fo following language, To Laveme and Shirley, as joint tenants with the right of survivorship." Hunt then dles. Conrad, believing he now owns Blackacre, executes a deed with the following language, To Larry, Moe and Curly, as joint tenants with the right of survivorship." Laverne and Shirley are not aware of Conrad's deed and execute their own deed to Blackacre with the following language, to the St Paul School for the Blind, so long as the property is used for educational purposes." Laverne and Shirley both die in an automobile accident, each leaving one son Lenny and Squiggy Then, Larry dies, leaving his son, Ralph, as his heir. Larry leaves Ralph his interest in Blackacre through his will. Ralph then gets a loan from Macomb State Bank and gives the bank a mortgage to Blackacre. Moe then transfers his interest in Blackacre to his nephew, Potsy. St Paul School for the Blind, which did use Blackacre for a summer Braille camp for blind children, decides to sell the property to Starbucks so it can build a new store on the property. St Paul's gives Starbucks a deed to Blackacre. At the same time, Ralph defaults on his loan to Macomb State Bank and they start a foreclosure proceeding. Not knowing any of the facts above, Curly transfers his interest in Blackacre to his favorite kids from the neighborhood, Marlon, Jackie, Tito, Michael and Jermaine. Who owns Blackacre?
In your answer, analyze when and whether each of the parties Huang Hunt, Conrad, Laverne, Shirley, Lenny, Squiggy, St Paul School for the Blind, Starbucks, Larry, Moe, Curly, Ralph, Macomb State Bank, Potsy, Marlon, Jackie, Tito, Michael and Jermaine took ownership in Blackacre, how much of an interest each owns, if any, the type of interest each acquired, if any, and why. Hint it may help to draw a chart or diagram
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