Shortly Before He Died,Walter Drafted a Will to Make Sure

question 52

Multiple Choice

Shortly before he died,Walter drafted a will to make sure that the appropriate people enjoyed Bearsclaw,the name of his cabin in the mountains.At the time of Walter's death,his brother Herman was married to Stella.Stella also owned a cabin in the mountains,which she let Herman use.As Walter knew,however,Stella intended that after she died,her cabin would pass to her cousin.Walter's will therefore said that Bearsclaw would go to his sister,Maria,until Stella died.When Stella died,Bearsclaw would go to Herman.Which of the following can be said with respect to Bearsclaw after Walter died?

• A)Herman held a reversion.
• B)Stella enjoys a life estate.
• C)Maria held a remainder.
• D)Herman held a remainder.
• E)Maria held a reversion.

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Definitions:

Sufficient Consideration

A legal concept indicating that the value exchanged in a contract is recognized as adequate, making the contract binding and enforceable.

Illusory Promise

A situation in which a party appears to commit to something but really has not committed to anything. It is not a promise and thus not consideration.

Promissory Estoppel

A legal principle that prohibits a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.

Detrimental Reliance

Occurs when a party takes action based on the promise of another, suffering harm as a result when the promising party fails to fulfill their commitment.