Rule against perpetuities - Study guides, Class notes & Summaries

A fee simple owner of a restaurant provided in his will that the property should go on his death "in fee simple to my friend, but if during my friend's lifetime my son has children and those children are alive when my friend dies, then to said living children." When the owner died, the friend took over the restaurant. If the son has children and one or more of them are alive when the friend dies, who will take title to the restaurant at that time? A The friend's heirs, because the atte...

This document provides a set of graded questions and answers for the North Carolina Paralegal Certification Exam, covering key legal concepts and rules for 2025/2026. It includes topics such as the duty of confidentiality, statute of limitations, tenancy types, the rule against perpetuities, breach of contract remedies, and criminal responsibility. The exam also covers legal procedures, including service of process, motions, and issues in contract law. This resource is designed to help candidate...

Barbri Practice Set Questions Bank MBE | 100% Correct Answers | Verified | Latest 2024 Version A fee simple owner of a restaurant provided in his will that the property should go on his death "in fee simple to my friend, but if during my friend's lifetime my son has children and those children are alive when my friend dies, then to said living children." When the owner died, the friend took over the restaurant. If the son has children and one or more of them are alive when the fr...

A fee simple owner of a restaurant provided in his will that the property should go on his death "in fee simple to my friend, but if during my friend's lifetime my son has children and those children are alive when my friend dies, then to said living children." When the owner died, the friend took over the restaurant. If the son has children and one or more of them are alive when the friend dies, who will take title to the restaurant at that time? A The friend's heirs, because the atte...

Real Estate Law Questions and Answers Fully solved What is a statute? (a) a law created by a state legislature or by Congress (b) a law created by a city or municipality (c) a law created by court rulings (d) a law created by a state or U.S. Supreme Court a. a law created by a state legislature or by Congress The state laws of Texas are codified, and bound in volumes called _____. (a) The United States Code Annotated (b) The Texas Constitution (c) Vernon's Annotated Texas Statut...

A fee simple owner of a restaurant provided in his will that the property should go on his death "in fee simple to my friend, but if during my friend's lifetime my son has children and those children are alive when my friend dies, then to said living children." When the owner died, the friend took over the restaurant. If the son has children and one or more of them are alive when the friend dies, who will take title to the restaurant at that time? A The friend's heirs, because the atte...

Words of purchase - Answer-Describe who takes the real property by grant, gift, inheritance or bequest Words of limitation - Answer-Describe the type and duration of the estate taken by the transferee FEE SIMPLE ABSOLUTE - Answer-"To Grantee and their heirs" FEE SIMPLE DETERMINABLE - Answer-"To Grantee and their heirs for so long as" or "while" or "during" or "until" (the occurrence of an event). Automotically terminates upon the happening of stated event FEE SIMPLE SUBJECT TO A C...

Real Estate Law 1309 Ch. 1-6 Questions and Answers 100% Accurate The Texas Constitution contains our a. homestead laws b. certain mechanics' and materialmen's lien laws c. community property rights d. all of the above ALL THE ABOVE "Statutory Law" means a. laws concerning persons under the age of 18 b. written laws created by the legislature c. laws that are unconstitutional d. all of the above B. WRITTEN LAWS CREATED BY THE LEGISLATURE Which of the following can...

A woman borrowed $100,000 from a bank and executed a promissory note to the bank in that amount. As security for repayment of the loan, the woman's brother gave the bank a mortgage on a tract of land solely owned by him. The brother did not sign the promissory note.The woman subsequently defaulted on the loan, and after acceleration, the bank instituted foreclosure proceedings on the brother's land. The brother filed a timely objection to the foreclosure. Will the bank succeed in foreclosing ...