In: Operations Management
(Business Law)
A deeds valuable acreage to B, expressly stating in the deed “to B as long as the land is used as a nature preserve, and if that condition is broken, then to C and her heirs in fee simple absolute.”
Which of these best describes the future interests of C and her heirs?
1) Life estate
2) Fee Simple Defeasible
3) Possible Remainder Interest
4) C and her heirs have no future interest in the land.
A deeds valuable acreage to B, expressly stating in the deed “to B as long as the land is used as a nature preserve, and if that condition is broken, then to C and her heirs in fee simple absolute.”Which of these best describes the future interests of C and her heirs?
the correct option is
3) Possible Remainder Interest