1
Q
Possibility of Reverter
A
if condition occurs, grantee’s interest is AUTOMATICALLY TERMINATED and vests in the grantor
2
Q
Right of Re-entry
A
upon the occurrence of a specified condition, the grantor MAY re-enter and take the property; right must be exercises to terminate the interest
3
Q
Vested Remainder
A
a future interest in land given to an IDENTIFIABLE PERSON WITH NO CONDITIONS
4
Q
Contingent Remainder
A
future interest in land conditioned upon the occurrence or non-occurrence of a specific event
5
Q
Remainderman
A
upon the life-tenant’s death, ownership of the property transfers to a specified person
