Alice conveys a parcel of land to Bob for life, and upon Bob’s death, the property is to go to Carol if she survives Bob. What type of future interest does Carol hold?
Carol's interest is a contingent remainder because it is contingent upon her surviving Bob. This differs from a vested remainder, which would not depend on Carol meeting any condition, and from executory interests or reversions, which do not align with the conveyance described.
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What is a contingent remainder?
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How does a vested remainder differ from a contingent remainder?
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What are executory interests and how do they differ from remainders?