Here are 25 multiple-choice questions. They are taken from Strategies & Tactics for the Finz Multistate Method, a compendium of over 1000 questions by the late Professor Steven Finz designed to prepare students for the Multistate Bar Exam. The book is published by Wolters Kluwer Law & Business and is available from your bookstore or by visiting www.wklegaledu.com.
Questions 1-2 are based on the following fact situation.
Givers executed a deed to his realty known as Givacre, which contained the following clause:
“To Senior Center, for so long as the realty shall be used as a home for the elderly, but if racial discrimination is practiced in the admission of residents to said home, to Senior Life for so long as the realty shall be sued as a home for the elderly.”
Senior Center and Senior Life were both charitable institutions devoted to the needs of indigent elderly persons.
- On the day after the deed was executed, Givers’ interest in Givacre is best described as
(A) a valid reversion.
(B) a valid possibility of reverter.
(C) a valid right of re-entry.
(D) void under the Rule Against Perpetuities.
- On the day after the deed was executed, Senior Life’s interest in Givacre is best described as a
(A) valid contingent remainder.
(B) valid executory interest.
(C) void contingent remainder.
(D) void executory interest.