The ______ limits all exercise of property over resources to a duration of "lives in being plus twenty-one years."
A) rule of transaction
B) rule against perpetuities
C) rule of first possession
D) rule against lateral transfers
E) rule against eventualities

Question

Quizplus · Accepted Answer

The rule against perpetuities limits all exercise of property over resources to a duration of "lives in being plus twenty-one years." The rule prevents an owner from controlling resources through many future generations by setting up trust arrangements, under which trustees are legally required to carry out the wishes of the owner for extended duration.
Short Answer Questions

The ______ Limits All Exercise of Property Over Resources to a Duration