It definitely has some impact on other areas of property law (including easements)
There are exceptions for charitable trusts like Nobel. But you raise a good point.
I figured it out well enough to do fine on the exam, but RAP definitely made me cry at least once.
At least at first till I got the hang of it
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Does that only apply to corporations?
In general, the will of deceased have a very limited authority It can be applied but most of the time the property of their former belongings will be given to others who will have very few strings attached and will do as they wish
Interesting. I wonder if that’s a holdover from the French Revolution.
Might be actually, french law is very different from your own systems A lot of inspiration from both the revolution and the Roman antiquity laws
It’s a good thing cause it prevents someone like Jeff Bezos from dying and basically controlling their descendants’ lives forever by controlling the money even after they’re dead. Though there are ways around it.
I'm for it then. I understand now good explanation thank you
By statuteAnd yet it’s still taught in law schools lolIt still has some validity at common law. Judges are reluctant to let go of it.
It’s part of the English common law
I haven't heard of it. I don't really understand what it means
Yeah it is I mean the Rule Against Perpetuities is an often misunderstood rule which strikes panic in the hearts of many law students and practitioners alike. Simply put, the rule limits the ability of owners to control future dispositions of their property.
Pretty much 😊It also forms the basis for some truly nightmarish fact patterns on Property exams
True but a recent case out of the Kings County Surrogate's Court, Matter of Mandel, N. Y. L. J., May 3, 2012, at 21, col. 3 highlights practitioners' continued misunderstanding of the rule against perpetuities.
Interesting. Did you know the Surrogate’s Court actually empanels a jury to hear will contest cases?