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Social Studies, 02.09.2019 21:10 docholiday
The owner of a farm located on the site of a civil war battle died. she devised the farmland as follows: "to my children, their heirs and assigns, so long as the property is used as a farm, but if the property ceases to be used as a farm, then to a charitable trust dedicated to the preservation of civil war battle sites." thirty years later, the owner's children continue to farm the land. the applicable jurisdiction has adopted the uniform statutory rule against perpetuities. what interest in the farm does the charitable trust hold? answers: a. nothing, because more than 21 years have passed since the owner's death and her children continue to farm the land. b. a remainder interest, because the trust is a charity. c. an executory interest, because the time period for determining whether the rule against perpetuities applies has not expired. d. a right of entry.
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