[2-8-4] The rule against perpetuities [アメリカ不動産法]
いよいよ今日から、最も手ごわい「永久拘束禁止の原則」に入ります。覚悟してください。
アメリカ不動産法の英語カード60枚目です。
[2-8-4] The rule against perpetuities
The Rule Against Perpetuities can be summarized as follows: “No interest is good unless it must vest, if at all, not later than 21 years after some life in being at the creation of the interest.” Try to memorize this phrase.
Although the Rule is put in this one sentence, Professor Gray at Harvard, who created this formulation of the Rule, needed more than 800 pages to explain it in his treatise on the Rule.
アメリカ不動産法の英語カード60枚目です。
[2-8-4] The rule against perpetuities
The Rule Against Perpetuities can be summarized as follows: “No interest is good unless it must vest, if at all, not later than 21 years after some life in being at the creation of the interest.” Try to memorize this phrase.
Although the Rule is put in this one sentence, Professor Gray at Harvard, who created this formulation of the Rule, needed more than 800 pages to explain it in his treatise on the Rule.
