Property - Estates (Whitlow)

O to A for life, then to B, but if B marries a lawyer, the property shall then revert to O

is an example of a

• Contingent remainder

• Absolute vested remainder

• Vested remainder subject to open

• Vested remainder subject to divestment

This type of present interest can exist if the future interest owner chooses to assert their rights when the stated event occurs, the property ownership shifts to them; if they do not assert their rights, ownership stays with the current owner. Words used to create this type of present interest include

"provided that, but if"

• Life estate

• Fee simple subject to executory limitation

• Fee simple subject to condition subsequent

• Fee simple determinable

In both notice and race-notice jxd, only subsequent purchasers without notice of the earlier conveyance can prevail over the earlier grantee. The notice requirement is satisfied when there is

_________________

• Reasonable notice

• A title

• A recording

• Constructive notice

The following defines which property law vocabulary:

"An equitable defense based primarily on circumstances which render inequitable the granting of relief to a dilatory plaintiff"

In which two jurisdictions generally protect bona fide purchasers in which requires that an interest holder purchases in good faith without notice of a conflicting interest.

• Race

• Notice

• Race-notice

A __________ is the legal process of transferring property from one owner to another.

Ollie, who owned Blackacre, sold it to Allison for on Jan. 1. Allie did not record her deed until Jan. 5th. Ollie then purported to sell the same property to Bob on Jan. 4th, who did not know that Ollie had already sold Blackacre to Allison. Bob recorded their deed on Jan.7th. The jurisdiction has a race-notice statute. Who has better title to Blackacre?

• Ollie because he sold it twice and has fee simple absolute over Blackacre

• Allie because she  

  records before Bob

• Bob because he took title innocently and most recently satisfying the rule under this jurisdiction

Ashley purportedly gave Whiteacre to Blair, who did not realize that Ashley in fact did not have title to the land. Blair recorded the deed. Ashley subsequently purchased Whiteacre from its rightful owner, Olivia, and recorded her deed. Ashley then sold the same property to Carl, who did not know of Ashley’s gift to Blair. Carl recorded his deed. As between Blair and Carl, who has better title?

• Blair, because under the doctrine of estoppel by deed he won title retroactively when Ashley actually purchased Whiteacre.

• Blair, because he was first to record.

• Carl, because his search will not discover Blair’s deed in the chain of title.

• Carl, because he took title innocently and most recently.

Which of the following recording statutes gives a superior claim to the first person to record a deed?

• Notice recording statutue

• Race-notice recording statute

• Race recording statute

The record of owners for a particular real estate parcel is called

• The chain of titles

• The deed

• The parcel purview

• The recording act