Sidney Carton, Owner in Fee Simple of Cartonacre, Makes the Following

question 24

Essay

Sidney Carton, owner in fee simple of Cartonacre, makes the following grant of his land: "to Lucie Manette for life, then at the death of Lucie Manette, to her children in equal share." At the time of the grant, Sidney Carton has no children or heirs of his own. What interests have been created by this land grant?

---

Definitions:

Shortage Cost

Costs incurred from not having enough inventory or resources to meet demand, including lost sales and dissatisfied customers.

Cumulative Cash Surplus

The total amount of cash that exceeds the initial investment or expenses over a period.

Minimum Cash Balance

The lowest amount of cash that a company aims to hold in its accounts to ensure financial stability and operational efficiency.

Pledged Financing

Financing obtained by offering assets as collateral to secure the loan, reducing the lender's risk.