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Source Duty of Loyalty Duty of Loyalty Showing the closest available flashcard practice.

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0 tracked cards Real Property

O conveys land "to Hospital so long as the land is used for hospital purposes." It is possible that the land will be used for hospital purposes for more than 100 years.
What is the best Rule Against Perpetuities analysis of O's possibility of reverter?

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The possibility of reverter is valid because retained future interests in the grantor are not subject to the Rule Against Perpetuities. The possibility of reverter is void because all future interests are subject to the Rule Against Perpetuities. The possibility of reverter is valid only if the condition occurs within 21 years. The possibility of reverter is valid only if the grantee expressly accepts it.

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