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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?

29.       Ken purchased his home with a 30-year mortgage from City Bank.   Five years after the purchase, Ken obtained a second mortgage with Amazing Bank secured in his home so that he could start his own business.  The loan amount for the second mortgage was more than the loan amount from City Bank.  City Bank agreed to subordinate its loan to the second mortgage on the condition that Ken would agree to an interest rate increase to the City Bank mortgage.  Ken agreed to City Bank’s demand because that is the only way that Amazing Bank would approve the second mortgage.  Years later, Ken’s business failed, and he defaulted on both loans.  Which one of the following statements is most likely correct if Amazing Bank filed for a foreclosure action before City Bank?

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?

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:

23.      Johnny, the owner of Greenacre, executed a valid grant deed using the following language: “I give Greenacre to Lincoln for life, then to Anthony’s children who survive Anthony and who reach 18, but if none of Anthony’s children survive Anthony and reach 18, then to Betty.” 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.After the grant, the future interest for Anthony’s children who survive Anthony and reach 18 is best described as:

39.       John is the owner of a fee simple in Blackacre and makes a valid will including the following language: “I devise Blackacre to Andrew for life, then to Betty if Andrew dies without issue from his wife Betty, but if Andrew dies with issue from his wife Betty, then to Cindy.” Andrew and Betty do not have any children when John passes away. 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 statements best describes Betty’s interest in the property upon John’s death, with Andrew being alive? 

24.       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 is true about Owen’s interest in the mansion?

21.      David owned Blackacre in fee simple and executed a valid grant deed, stating: “I give Blackacre to my wife, Amy, for her life, then to my daughter, Betty, for her life, then to my grandchildren who reach 21 within 21 years after the death of Betty.” At the time of the deed, David was married to Amy and they had only one child, Betty, age 3. 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. After the deed, the gift to David’s grandchildren is best described as:

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?

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?