F**k the Rule Against Perpetuities!
Posted: Sun Mar 13, 2011 11:48 am
... that is all
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I bought this book and worked through most of it already. http://www.amazon.com/Estates-Land-Futu ... 147&sr=1-1Headybrah wrote:anyone know where I can get some good RAP practice problems with multiple and complex conveyances? Are there any good supplements?
1/2 my final is a complex set of conveyances where I need to apply the RAP...
also, more suggestions here: http://www.top-law-schools.com/forums/v ... 3&t=147420Headybrah wrote:anyone know where I can get some good RAP practice problems with multiple and complex conveyances? Are there any good supplements?
1/2 my final is a complex set of conveyances where I need to apply the RAP...
It doesn't have to vest... it can also "fail" to vest w/in the 21 yrd period and be a valid interest. The rule is: no interest is good unless it must vest, if at all, not later than 21 yrs after blah blah blah. Which means: an interest is invalid unless it can be said with absolute certainty, that it will either vest or fail to vest before the 21 yr period runs.savagedm wrote:Here's a shortcut that has helped me immensely: line up all the named parties (i.e. to B) and all the unascertainable parties (to B's children) then see if they can possibly have the interest vested within 21 years after the named parties die... if so, then in a modern Jx. then it is still good based on the wait and see approach. Under common law, it MUST vest, there can be no wiggle room.
Yeah that's kind of what I was trying to say but I'm home for the break and a little hung over >< thanks for clarifying hahasoaponarope wrote:It doesn't have to vest... it can also "fail" to vest w/in the 21 yrd period and be a valid interest. The rule is: no interest is good unless it must vest, if at all, not later than 21 yrs after blah blah blah. Which means: an interest is invalid unless it can be said with absolute certainty, that it will either vest or fail to vest before the 21 yr period runs.savagedm wrote:Here's a shortcut that has helped me immensely: line up all the named parties (i.e. to B) and all the unascertainable parties (to B's children) then see if they can possibly have the interest vested within 21 years after the named parties die... if so, then in a modern Jx. then it is still good based on the wait and see approach. Under common law, it MUST vest, there can be no wiggle room.
If you are certain the interest will fail to vest within 21 yrs, it will not violate the RAP, however, it will violate the contingency (but that is not the issue in RAP).
This is what our prof. taught us. Except her words were "kill everyone off. Did it vest or fail? yes, fine. No, it violates the rule"soaponarope wrote:It doesn't have to vest... it can also "fail" to vest w/in the 21 yrd period and be a valid interest. The rule is: no interest is good unless it must vest, if at all, not later than 21 yrs after blah blah blah. Which means: an interest is invalid unless it can be said with absolute certainty, that it will either vest or fail to vest before the 21 yr period runs.savagedm wrote:Here's a shortcut that has helped me immensely: line up all the named parties (i.e. to B) and all the unascertainable parties (to B's children) then see if they can possibly have the interest vested within 21 years after the named parties die... if so, then in a modern Jx. then it is still good based on the wait and see approach. Under common law, it MUST vest, there can be no wiggle room.
If you are certain the interest will fail to vest within 21 yrs, it will not violate the RAP, however, it will violate the contingency (but that is not the issue in RAP).
This is the key to working through a RAP problem, not even kidding.blerg wrote:
This is what our prof. taught us. Except her words were "kill everyone off. Did it vest or fail? yes, fine. No, it violates the rule"
At what point exactly do you kill everyone? Sorry, too burnt out to think right now.YourCaptain wrote:This is the key to working through a RAP problem, not even kidding.blerg wrote:
This is what our prof. taught us. Except her words were "kill everyone off. Did it vest or fail? yes, fine. No, it violates the rule"
You didn't specify who's alive, so I'm assuming only A is alive.DeSimone wrote:At what point exactly do you kill everyone? Sorry, too burned out to think right now.YourCaptain wrote:This is the key to working through a RAP problem, not even kidding.blerg wrote:
This is what our prof. taught us. Except her words were "kill everyone off. Did it vest or fail? yes, fine. No, it violates the rule"
O to A for life, then to A’s children for life, then to A’s grandchildren who survive their parents.
She told us to use named people in the conveyance. So A is the only named person. When A dies, is it certain that it will vest/fail in A's grandkids in 21 years? No.DeSimone wrote:At what point exactly do you kill everyone? Sorry, too burnt out to think right now.YourCaptain wrote:This is the key to working through a RAP problem, not even kidding.blerg wrote:
This is what our prof. taught us. Except her words were "kill everyone off. Did it vest or fail? yes, fine. No, it violates the rule"
O to A for life, then to A’s children for life, then to A’s grandchildren who survive their parents.
It gets better when your prof kills off your classmates in a problem. Honestly, prop. has been riveting lately.DeSimone wrote:Thanks guys. That's pretty much how I've been doing it. Maybe without picturing myself shooting people in the faces. That's why it was so boring.
The first thing I thought when I read your post was "Well, when does the fucking vest?"Cupidity wrote:As long as you aren't fucking too remotely,
+1
"No interest is good unless it must vest, if at all, not later than 21 years after the death of some life in being at the creation of the interest" got you a job?solotee wrote:RAP anecdote:
On one of my call backs, a partner asked me what the RAP was. I am so glad my professor made us memorize the rule.
Needless to say, got an offer on the spot.
Lesson: memorize the RAP!
The RAP is so hard that it's not malpractice in California for a lawyer to screw it up. If you didn't think it was hard, then you were being fed softball questions.TCScrutinizer wrote:"No interest is good unless it must vest, if at all, not later than 21 years after the death of some life in being at the creation of the interest" got you a job?solotee wrote:RAP anecdote:
On one of my call backs, a partner asked me what the RAP was. I am so glad my professor made us memorize the rule.
Needless to say, got an offer on the spot.
Lesson: memorize the RAP!
Damn.
And if the RAP is hard, I clearly need to pursue property law as a career path.