WESTERN STATE UNIVERSITY COLLEGE OF LAW COURSE SYLLABUS, PROCEDURES, AND READING ASSIGNMENTS ADVANCED TOPICS IN PROPERTY – FUTURE INTERESTS SECTION 498A 2009 Summer Session A Course Materials: Required Text: Linda H. Edwards, “Estates in Land and Future Interests,” Third Edition, Aspen Publishers (2009) Course Coverage, Goals, and Opportunities: During this one-unit course, you will be provided with information about possessory estates and estates as future interests with the emphasis on the latter types of estates. For either all of you, or most of you, this course will be an in-depth review of information about possessory estates and future interests to which you were first introduced during the first semester of Property. You will also be exposed to aspects of the law of future interests that may not have been covered in your Property class due to time constraints. Your additional study of the principles of law regarding possessory estates and future interests during this course will be useful to you regarding your study and mastery of other principles of property law (including real property sales transactions and secured transactions in real property), the law of trusts, the law of wills and intestate succession, the law of community property, bankruptcy law, aspects of the law of contracts, aspects of the law of torts, aspects of criminal law, aspects of the law of business organizations (e.g., corporations, partnerships, business trusts), and aspects of the law of remedies. Course Methodology: I will use a combination of lecture and problem solving exercises during each class session. The course text is in the format of a workbook which includes substantive material, practice questions, and answers and explanations re the practice questions. Examination and Grading: Your course grade will be determined exclusively by your performance on the course final exam. The course final exam will be comprised of thirty objective questions and will be a closed books, closed notes exam. You will have sixty minutes within which to complete that exam. The general examination procedures that are in force and effect at Western State University College of Law as delineated in the current edition of the “Student Handbook” are incorporated herein by this reference as though set forth in full in this document. Adv. Topics in Property: Future Interests – Sec. 498A Professor Sheppard – 2009 Summer Session A 1 Additional exam instructions and exam procedures that apply to the exam to be administered in this course will be included as part of the course exam packet. You must comply with all oral and written instructions and procedures that pertain to the final exam that will be administered in this course. The number of exam questions that you answer correctly will determine your grade in this course. Course grades will be earned as follows: Grade No. of Correct Answers 4.0 3.7 3.3 3.0 2.7 2.5 2.3 2.0 1.7 1.3 0.0 29 or 30 27 or 28 25 or 26 23 or 24 21 or 22 19 or 20 17 or 18 15 or 16 13 or 14 11 or 12 10 or fewer. Office Hours, Office Extension, E-Mail, Faxes: Unless you are advised to the contrary, my office hours for 2009 Summer Session A will be 4:00 p.m. to 5:45 p.m. on each Tuesday, Wednesday, and Thursday the class will meet. I will be available for office consultations during those times on a first come, first served basis. I can also be available for consultations after the conclusion of each class session. If you are not able to meet with me during any one of the times noted in the prior paragraph, you may communicate with me via telephone, e-mail, or fax. Telephone me at (714) 459-1152; or e-mail me at csheppard@wsulaw.edu; or send me a fax at (714) 5252786. Attendance and Seating Chart: Attendance in class is mandatory. If you are absent from more than two hours of class, you will be subject to being administratively withdrawn from the course due to excessive absences. The Western State University College of Law attendance policy that is set forth in the current edition of the “Student Handbook” is incorporated herein by this reference as though that portion of the “Handbook” were set forth in full in this syllabus. A seating chart will be circulated during the initial class session. Adv. Topics in Property: Future Interests – Sec. 498A Professor Sheppard – 2009 Summer Session A 2 Assignments: Day Tuesday Date 05-19-09 Topics Preface Introduction Appendix B: Vocabulary Possessory Estates Defeasible Estates Possibilities of Reverter, Rights of Re-entry, and Reversions Text Pages xvii – xviii 1– 6 185 – 190 7 – 19 21 – 37 40 – 49 Wed. 05-20-09 Remainders: vested, contingent, vested subject to divestment 51 – 69 85 – 96 Thursday 05-21-09 Executory Interests Review of Remainders and Executory Interests Rule In Shelley’s Case The Doctrine of Worthier Title 71 – 83 and 97 – 102 103 – 107 129 – 132 132 – 136 Tuesday 05-26-09 The Rule Against Perpetuities “Relief” from the Rule Against Perpetuities 137 – 166 167 - 173 Wed. 05-27-09 Post-Conveyance Developments Including The Rule of Destructibility of Contingent Remainders and the effect of the abolishment of that rule of destructibility in some states 113 – 127 Powers of Appointment Course hand-outs Thursday 05-28-09 Q &A Session Final Exam (Closed Books; Closed Notes) Adv. Topics in Property: Future Interests – Sec. 498A Professor Sheppard – 2009 Summer Session A Thirty Objective Questions 3