The venerable Rule Against Perpetuities has been plaguing property lawyers for over 300 years. Oil and gas attorneys need to know the types of transactions which are covered by the Rule because as John Chipman
What is Res Ipsa Loquitur and how it is tested on the bar 36 -- 12:51 App 10. 【证据法】什么是证据的相关性_ What is logical relevance in evidence_ 20 -- 12:40 App 【财产法】为什么会有禁止永久性法则?How comes the Rule Against Perpetuities 21 -- 11:12 App 4. 【证据法】什么是...
Rule Against Perpetuities: A rule of law that restricts the ownership of property to a certain period of time, in order to prevent the dead hand from controlling the property indefinitely.
Trusts can last for a long time, but the exact rules tend to vary by state. For example, in many places the trust can't keep going more than 21 years after the death of a potential beneficiary who was alive when the trust was set up. That's called the "rule against perpetuities" ...
No minimum amount is required for a dynasty trust; they aren't just for the ultra-wealthy. How a Dynasty Trust Works Historically, many states had a rule against "perpetuities" and stipulated when a trust had to end. A common rule was that a trust could continue for 21 years after the...
“evolutionary reliance” is at the heart of core property doctrines like adverse possession, waste, and the rule against perpetuities. Focusing on evolutionary reliance reveals a new vision of property, not as a bundle of sticks or a bare right to exclude, but instead as ...
As you become more familiar with the format of the test, your speed will increase naturally, and you can begin to time yourself then. Also important is not to become distracted by sub-topics that will only appear in a couple of questions (for example, the Rule Against Perpetuities). You ...
RAP Rule Against Perpetuities (law) RAP Recruiter Assistance Program RAP Resident Assessment Protocol RAP Rocket-Assisted Projectile RAP Ranged Attack Power (gaming) RAP Right Away, Please RAP Regulatory Assistance Project RAP Radiological Assistance Program (US DOE) RAP Resettlement Assistance Program (Ca...
Discusses the application of the Rule Against Perpetuities to oil and gas transactions in the United States. Historical view of the development of the rule; Reasons for the acceptance of the rule; Arguments for the application of the rule to oil and gas transactions.Kramer...