Which of the following statements is true of a conditional estate?
A) It is the present right to own and possess the land in the future.
B) When a person's interest terminates, the interest must be transferred to the former owner.
C) It can be set up so that failure to meet a condition terminates the estate.
D) It is the right to own and possess land until one dies, subject to the condition that the property cannot be used in such a way as to destroy its value.

Question

Quizplus · Accepted Answer

A conditional estate is an estate that is subject to a condition that, if not met, will terminate the estate. This means that the estate will only continue as long as the condition is met. Therefore, option C is the correct statement as it describes the possibility of a conditional estate being terminated if the condition is not met. Option A describes a future interest, option B describes a reversionary interest, and option D describes a life estate subject to a waste condition.

Which of the Following Statements Is True of a Conditional