When there is a gap between present and future interests, an executory interest is created.
Correct Answer:
Verified
Q35: If a contingent remainder fails, the grantor
Q36: Only vested remainders can be transferred.
Q37: An executory interest is a future interest
Q38: The Rule in Shelley's case applies to
Q39: The Rule Against Perpetuities is applicable only
Q41: The Rule Against Perpetuities is applicable to
Q42: A possibility of reverter is non-transferable.
Q43: A life estate plus a remainder equals
Q44: The Rule Against Perpetuities provides that a
Q45: The Rule in Shelley's Case is applied
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents