If Arthur Were as Yet Childless, Which of the Following

question 3

Multiple Choice

If Arthur were as yet childless, which of the following present grants would be considered as creating a contingent remainder?

• A) "To Arthur and his heirs forever and ever."
• B) "To Arthur for life and then to his first-born son, but if he has no male children, then to the Catholic Church."
• C) "To Arthur for life, then to grantor."
• D) "To Arthur for 100 years and then to the Catholic Church."

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by the rise in the country's gross domestic product (GDP).

Industrially Advanced Countries

High-income countries such as the United States, Canada, Japan, and the nations of western Europe that have highly developed market economies based on large stocks of technologically advanced capital goods and skilled labor forces.

IACs

An abbreviation that could stand for various entities or concepts; without additional context, providing a specific definition is not feasible.

Real Per Capita Output

A measure of the economic output of a country per person, adjusted for inflation, indicating the average living standard or economic well-being of its citizens.