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MMLU / A cattle rancher owned substantial oil and mineral interests in the southwest.…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A cattle rancher owned substantial oil and mineral interests in the southwest. In July 1990, the rancher acquired title to a 200-acre tract in a rural area. In 1997, the rancher conveyed the 200-acre tract for a consideration of one dollar, receipt of which was acknowledged, "to my uncle, his heirs, and assigns, but if my uncle's wife dies without issue, to my personal assistant and her heirs and assigns. "After taking possession of the 200-acre tract, the uncle discovered considerable oil reserves on the property. He then began oil drilling operations and removed large quantities of oil, which he sold. At no time did he give notice to the personal assistant of his oil-drilling activities. Months passed before the personal assistant learned that the uncle was selling oil from the drilling operations. The personal assistant has now brought an action in equity for an accounting of the value of the oil removed and for an injunction against any further oil removal. If the decision is in favor of the uncle, it will be based on the fact that

choices

  1. the right to remove oil is an incident of a defeasible fee simple.
  2. the personal assistant has no interest in the 200-acre tract.
  3. there was no showing that the uncle acted in bad faith.
  4. the right to remove oil is an incident of the right to possession.

subject

professional_law

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Source and history

task_id
a364700b-2337-5304-a44f-effc53890db7
task_key
all--test--a364700b-2337-5304-a44f-effc53890db7
task_revision_id
1
config / split
all / test

Official source

initial import