Grantors can and do use a wide variety of language and may specify all sorts of temporal relationships, but the law requires us to reduce this language, to map it onto, the small set of permissible relationships.Ī warning: some property courses delve deeply into various accounts of the medieval history of these arrangements. There may be only a few different animals, and our task is to distinguish one from the other based on identifying characteristics. Think of it as learning to identify animals in a park. Our immediate task is to determine from the language of a grant which type of arrangement we have. As we will see, and later consider more deeply, it restricts such arrangements to a small number of types. The law permits O to grant property with conditions and time limits. Perhaps O wants A to have the property, maybe even forever, but if certain events occur the property should go to B. Maybe O wants A to have the property for awhile before turning it over to B. We now consider land transactions in which O desires to grant property to A but, perhaps, not forever. What used to belong to O now, after the transaction, belongs to A. We have already discussed a few situations in which property is transferred from one party to another. A TAXONOMY OF PRESENT AND FUTURE INTERESTS
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |