3. Owen is the owner of a fee simple in a mansion in the county of Somerset and makes a valid inter vivos conveyance with this language: “I, Owen, convey my mansion in the county of Somerset, to my wife, Booker, for her life, then to Booker’s children who reach age 30.” Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. Which statement must be true at the time of the conveyance?

25.      Oldie, the owner of a property with a store called Goodwill Bookstore, executed a valid grant deed using the following language: “I give the property with Goodwill Bookstore to Jason for life, then to Justin, but if the property with Goodwill Bookstore ever stops being a bookstore, then the property should go to Jennifer.” Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished.Which of the following best describes what Justin has after the grant, assuming all parties named in the deed are still alive?

45.      Owen owns his home in fee simple and then conveys his home in a valid deed using the following language: “I grant my home to Adam for life, then to Betty if she graduates with a master’s degree from Northern University before she is thirty years old, but if Betty fails to graduate with a master’s degree from Northern University before she is thirty years old, then to Candy.” At a later time, Adam dies. Two days after Adam’s death, Betty, at the age of 25, graduates from Northern University with a master’s degree. Assume in the relevant jurisdiction that the doctrine of destructibility of contingent remainders applies to conveyances and wills. Which of the following best describes Betty’s and Candy’s interests in Owen’s home?

30.       Stanley owns a fee simple in Blackacre. Stanley then conveys Blackacre in a valid deed using the following language: “I grant Blackacre to my wife, Jill, for life, and then to my first son to reach the age of 21.” At the time of the conveyance, Stanley and Jill have no children.  Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. Which of the following best describes the interest of Stanley’s first son to reach the age of 21?

38.      Cindy, the owner of Blackacre in fee simple absolute, devised Blackacre, using the following language in a valid will: “I give Blackacre to Anthony for life, then to Anthony’s surviving children who reach the age of 21, but if none of Anthony’s children survive him and reach the age of 21, then to George.” Cindy then passes away but Anthony is alive and has one daughter Amy, age 10. Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. Upon Cindy’s death, George has:

44.       Owen owns his home in fee simple and then conveys his home in a valid deed using the following language: “I grant my home to Adam for life, then to Betty if she graduates with a master’s degree from Northern University before she is thirty years old, but if Betty fails to graduate with a master’s degree from Northern University before she is thirty years old, then to Candy.” At a later time, Adam dies. Two days after Adam’s death, Betty, at the age of 25, graduates from Northern University with a master’s degree.  Assume in the relevant jurisdiction that the doctrine of destructibility of contingent remainders applies to conveyances and wills. Which of the following best describes Owen’s interests in his home after Adam’s death?

37.      John owns Goldacre in fee simple and he has no grandchildren. John conveys title to Goldacre using the following language: “I give Goldacre to Billy for life, then to the first of my grandchildren to reach the age of 21.” Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills. Other special rules are abolished. Which of the following best describes the future interest for John’s first grandchild to reach the age of 21 at the time of the conveyance and why?

14.      John has a fee simple absolute interest in Blackacre and he conveys the following interests in a valid inter vivos conveyance: “I give Blackacre to my wife, Judy, for life, and the remainder to our children who reach the age of 21.” At the time of the conveyance, John and Judy has one son, Stuart, who is 21. Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. What future interest is held by Stuart, if any, at the time of the conveyance?

6. Howard purchased from Stan a lot with a small house. Before the time of purchase, Howard got a mortgage to borrow $350,000.00 from Finance Company and Finance Company validly recorded the mortgage. One year before Howard purchased the lot, Bob had placed a lien on the property in the amount of $10,000.00 when Stan owned the lot and validly recorded the lien in the chain of title. Before purchasing the lot, Howard had agreed with Stan to take the lot subject to Bob’s lien. Howard fell behind in the payments on his mortgage to Finance Company and Finance Company decided to foreclose. The outstanding loan balance that Howard owes to the Finance Company is $300,000.00. At a valid, court-supervised foreclosure sale, the property sold for $350,000.00. Sale expenses, court costs and attorney fees were $50,000. If the Finance Company can apply proceeds from the foreclosure sale fully to the outstanding loan balance of $300,000 and Bob receives nothing for his lien on the lot, which out of the following statements provides the best explanation for such an outcome?

33.       Osmond, the owner of Goldacre in fee simple, conveys Goldacre in a valid deed using the following language: “I grant Goldacre to Emma for life, then to Bethany so long as Goldacre is being used as a farm.” Osmond also creates a valid will with the following language: “I give all my remaining interests to Cornelius.” Assume in the relevant jurisdiction that the common law Rule Against Perpetuities applies to conveyances and wills and that the doctrine of destructibility of contingent remainders is abolished. What interest or estate, if any, does Cornelius have upon Osmond’s death?