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The Midwestern Automotive Society conveys a former used car lot to Alexandra for life, then to Alexandra's siblings. Alexandra's parents are alive, and Alexandra has
- The Midwestern Automotive Society conveys a former used car lot "to Alexandra for life, then to Alexandra's siblings." Alexandra's parents are alive, and Alexandra has a brother Bertrand and a sister Sonja. Is Bertrand's property interest valid under the traditional common law Rule against Perpetuities?
- Yes, because it is not subject to the Rule.
- Yes, using Alexandra as the measuring life.
- Yes, using Alexandra's parents as the measuring life.
- No, because Alexandra's parents might have more children.
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The Legal Environment of Business
Authors: Roger E. Meiners, Al H. Ringleb, Frances L. Edwards
13th edition
1337095494, 978-1337516044, 133751604X, 978-1337095495
