Luke Paulsen began his working career selling groceries, but he now sees an unprecedented business opportunity in
Question:
Luke Paulsen began his working career selling groceries, but he now sees an unprecedented business opportunity in sporting goods. He plans to operate Luke's Sporting Goods, a store that sells a variety of equipment for a variety of sporting endeavors.
Alley conveyed her property to Luke Paulsen so long as he uses the property for commercial purpose, like running a grocery store, and if he ceases to use the property for commercial purpose then to Tom. Luke Paulsen began his working career selling groceries on the property, but now sees an unprecedented business opportunity in Sporting goods. He plans to change the grocery store into Luke's Sporting Goods, a store that sells a variety of equipment for a variety of sporting endeavors.
Upon Luke's plan on operating a sporting goods store, he will hold title as
- Fee simple absolute
- Fee simple subject to a condition subsequent
- Fee simple determinable
- The fee simple is destroyed if he converts the grocery store to a sporting goods store.