Asked by Kajal Verma on Jun 12, 2024
Verified
Langdon leases his hayfield to Tom for a period of ten years. What interest does Langdon have in the land?
A) A vested remainder.
B) A reversion.
C) A private easement.
D) A possibility of reverter.
Hayfield
A field where hay is grown, usually for agricultural purposes such as feeding livestock.
Reversion
A return to a previous state or condition.
Vested Remainder
A future interest in property that is certain to occur, provided the current estate terminates, and is not subject to any conditions precedent.
- Become acquainted with the multiple types of land interests and their particular traits.
- Understand the legal implications of property conveyance and the possibilities of reversion and remainder interests.
Verified Answer
KG
khaled gamalJun 12, 2024
Final Answer :
B
Explanation :
Langdon has a reversion interest in the land because, after the lease term ends (ten years in this case), the property rights will revert back to Langdon.
Learning Objectives
- Become acquainted with the multiple types of land interests and their particular traits.
- Understand the legal implications of property conveyance and the possibilities of reversion and remainder interests.