Beruflich Dokumente
Kultur Dokumente
Reversion
How Created
by operation of law
In Whose Favor
always in favor of grantor
Vested or Contingent
always vested
Subject to Defeasance
subject to defeasance following contingent remainder and by springing use not subject to defeasance
Possibility of Reverter
by implication of law
always contingent
not alienable at common law when unconnected w/ a reversion; today it is alienable w/ or w/o a reversion not alienable at common law when unconnected w/ a reversion- likewise today in some states; today it is alienable when connected w/ a reversion always alienable
Power of Termination
always contingent
Vested Remainder
always vested
may be subject to defeasance partial or total by shifting use not subject to defeasance
Contingent Remainder
always contingent
Executory Interest
always contingent