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O conveyed River House "to A for life, then to B, but if B does not survive A, then to C." At the time of the conveyance, A, B, and C were alive. B immediately sold "all of B's interest in River House" to Investor. The deed to Investor was valid. Several years later, B died. A died two years after B. C then claimed River House. Investor argued that B's remainder was vested and transferable, so Investor should take possession when A died.
No statute changes the common-law classification of future interests, and no anti-lapse statute applies. Discuss the interests created by O's conveyance, whether B's transfer to Investor was effective, and who owns River House after A's death.