Author Question: The grant, To my husband for life, then to the Osborn Observatory provided that the observatory has ... (Read 75 times)

MirandaLo · **on:** Jun 24, 2018

The grant, To my husband for life, then to the Osborn Observatory provided that the observatory has a governing board in place, creates which future interest?
A) Reversion
B) Contingent remainder
C) Fee simple subject to a condition subsequent
D) A remainder that violates the rule against perpetuities

Question 2

In the absence of a liquidated damages clause and a proof of greater damages, the seller's damages are computed as:
A) 25 of the purchase price or 500, whichever is less.
B)25 of the purchase price or 500, whichever is greater.
C) 20 of the purchase price or 500, whichever is greater.
D)20 of the purchase price or 500, whichever is less.