C. Classifying/System of Estates
Learn about vested and contingent remainders in property law. Understand the criteria that determine whether a remainder is vested or contingent.
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Quiz14 Questions
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C. Classifying/System of Estates
Quiz • 14 Questions
Study Notes
3 min • Summary
Materials
List of Questions14 questions
- Question 1
- Condition Subsequent
- Condition Precedent
- Condition Divestment
- Condition Concurrent
- Question 2
- It is vested when one class member is ascertained, with no condition precedent.
- Later-born children are not entitled to share in the gift.
- It may be divested by an executory interest.
- It requires all class members to be ascertained for vesting.
- Question 3
- Subject to a condition precedent
- Dependent on the natural termination of the preceding estates
- Given to an ascertained person and not subject to a condition precedent
- Given to an unascertained person
- Question 4
- Subject to a condition subsequent
- Dependent on the natural termination of the preceding estates
- Given to an ascertained person
- Given to an unascertained person
- Question 5
- It is vested but subject to a condition precedent
- It is dependent on the natural termination of the preceding estates
- It is given to an unascertained person
- It is vested but subject to a condition subsequent
- Question 6
- Dependent on the natural termination of the preceding estates
- Given to an ascertained person
- Contingent upon some event other than the natural termination of the preceding estates
- Subject to partial divestment
- Question 7
- When it is given to an ascertained person
- When one member of a class is ascertained
- When there is a condition precedent
- Dependent on the natural termination of the preceding estates
- Question 8
- (Contingent) executory interest in fee simple
- Vested remainder subject to complete divestment
- Shifting executory interest in fee simple
- Vested remainder subject to open divestment
- Question 9
- Life estate
- Contingent remainder
- Vested remainder
- Executory interest
- Question 10
- When it becomes possessory immediately upon termination of the prior estate
- When it is contingent upon some event other than the natural termination of the preceding estate
- When the remainder is vested
- When the beneficiary is a living/ascertainable person
- Question 11
- Contingent remainder
- Life estate
- Executory interest
- Vested remainder
- Question 12
- An event must occur other than the natural termination of the prior estate
- The prior estate must be terminated naturally
- The remainder must be created in someone other than the transferor
- The beneficiary has to be living
- Question 13
- Vested remainder
- Contingent remainder
- Life estate
- Executory interest
- Question 14
- When it is contingent upon an event other than natural termination
- When it is granted to an unascertained person
- When there is no condition precedent attached to it
- When it becomes possessory immediately upon termination of the prior estate