Real Property I
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Real Property I
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Private Flashcard From Real Property I
Question:
OHIO\'s 2 RAP Reforms
Answer:
In application, apply CL RAP rule and if the interest is valid, you are done with analysis. If it is void, check the 2 OH reforms...- Wait and See: validity of an interest following a Life Estate determined on the basis of facts as they exist at the end of the LE, and NOT on the basis of the facts at the time the interest is created.- Cy Pres: an invalid interest under RAP is REFORMED to carry out the Grantor\'s intent as nearly as possible.