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Lesson 5: Basic Future Interests: Fee Simple On Executory Limitation (and Executory Interests)

This lesson is part of a series of exercises covering Basic Future Interests. While the 10 lessons comprising this series can be worked in any sequence, the lessons do to some degree build on each other. Thus, it is suggested that students work them in order.

Students should complete the Basic Estate System lesson prior to working through this lesson and series.

The 10 lessons are:

Learning Outcomes

On completion of the lesson, the student will be able to:
1. Explain the basic concept of future interests under American common law.
2. List the key characteristics of modern future interests.
3. Identify the fee simple on executory limitation from the words of conveyance that create it.
4. Identify how early termination occurs for a fee simple on executory limitation.
5. Define an executory limitation.
6. Define an executory interest.
7. Explain the difference between termination by expiration and termination by divestment.
8. Explain to whom possession transfers upon the termination of a fee simple on executory limitation.

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