A property owner conveyed land "to Alice for life, then to Bob, if he graduates from law school." Before Bob graduates from law school, Alice dies. Who has the right to possession of the property after Alice's death?
The property escheats to the state while awaiting Bob's fulfillment of the condition.
The property vests in Bob upon Alice's death if he graduates from law school.
The property passes to Bob depending on whether he graduates from law school.
The property reverts to the original property owner while awaiting Bob's graduation from law school.
The correct answer is that the property reverts to the original property owner while awaiting Bob's graduation from law school. Bob's interest is a contingent remainder that depends on fulfilling the condition precedent (graduating from law school). Because the condition has not been satisfied at the termination of Alice's life estate, Bob does not yet take possession. Instead, possession returns to the grantor, who holds a reversion.
Why the other answers are incorrect:
The property does not vest in Bob upon Alice's death because his remainder is contingent; it will not vest until he graduates.
The property does not pass to Bob depending on whether he graduates at some later time, because the immediate right to possession after Alice's death is in the grantor; Bob holds only a future executory interest.
The property does not escheat to the state, as the grantor retains a valid reversionary interest.
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