Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called:
A) a possibility of a reverter.
B) a reversionary interest.
C) a vested remainder.
D) a contingent remainder.

Question

Quizplus · Accepted Answer

A vested remainder is the correct term because it is a future interest given to a specific person (Erin) that is certain to become possessory upon the expiration of a prior estate (after her grandmother dies), and not dependent on any condition precedent other than the natural end of the preceding estate.

Grandfather Conveyed to Erin the Right to the Family Farm