Asked by salvador borja on Jun 04, 2024
Verified
A reversion is held by a person other than the grantor or his successors.
Reversion
In property law, the return of property rights to the original grantor or his/her heirs after the termination of a particular estate.
- Comprehend the legal requirements and implications of conveyances and transfers of interests in real property.
Verified Answer
GF
Griffin FergusonJun 06, 2024
Final Answer :
False
Explanation :
A reversion is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum. It automatically arises in favor of the grantor or the grantor's successors when a lesser estate is created.
Learning Objectives
- Comprehend the legal requirements and implications of conveyances and transfers of interests in real property.