8.        Buyer purchased Blackacre from Seller. Seller info…

8.        Buyer purchased Blackacre from Seller. Seller informed Buyer about how Blackacre was encumbered with a past mortgage with a $100,000 outstanding loan balance, due to Seller’s borrowing. The past mortgage did not include a due on sale clause. Buyer and Seller agreed that Buyer would assume the mortgage and Buyer did so with a valid written assumption agreement. Seller delivered a valid deed to Buyer, which was validly recorded. Six months later, Buyer defaulted on the mortgage and the mortgagee initiated a judicial foreclosure. The proceeds from the foreclosure sale were insufficient to cover the outstanding loan balance on the mortgage.There are no anti-deficiency statutes in the relevant jurisdiction.Can the mortgagee recover the deficiency from Buyer or Seller?

41.      Owen is the owner of a fee simple in a house in the…

41.      Owen is the owner of a fee simple in a house in the city of Danville and makes a valid inter vivos conveyance with this language: “I, Owen, convey my house in Danville, to Adam for life, then to Adam’s first child to reach 25.” Adam has 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. At the time of the conveyance, Adam’s first child’s interest is best described as: