Search results
Results from the WOW.Com Content Network
The possibility of reverter can only follow a fee simple determinable. Example: "O grants Blackacre to A as long as A refrains from drinking alcohol." Analysis: If A never drinks after the grant (and never sells the property), then Blackacre will belong to A at O's death, and be distributed according to the rules of probate .
An attempt to create such an interest is construed as a fee simple subject to condition subsequent (see below), and a person who would have possibility of reverter at common law will instead have a right of entry. [1] A fee simple determinable does not violate the rule against perpetuities, since a possibility of reverter is not subject to the ...
A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum than he has (such as the owner of a fee simple granting a life estate or a leasehold estate).
For example, the grant "For A so long as alcohol is not sold on the premises, then to B" would violate the rule as to B. The conveyance to B would be stricken, leaving "To A so long as alcohol is not sold on the premises." This would create a fee simple determinable in A, with a possibility of reverter in the grantor (or the grantor's heirs ...
Another kind of acceptable reversion is an incidental one. A Wikipedia editor is not expected to investigate the history of an article to find out if an edit being considered is a reversion of some prior edit. The rule against reversions applies only to cases where the reverter is aware that the edit is a reversion of another edit.
The currents flowing in due to an action potential spread out in both directions along the axon. [52] However, only the unfired part of the axon can respond with an action potential; the part that has just fired is unresponsive until the action potential is safely out of range and cannot restimulate that part.
It ensures mean reversion of the interest rate towards the long run value , with speed of adjustment governed by the strictly positive parameter . The standard deviation factor, σ r t {\displaystyle \sigma {\sqrt {r_{t}}}} , avoids the possibility of negative interest rates for all positive values of a {\displaystyle a} and b {\displaystyle b} .
Afterhyperpolarization, or AHP, is the hyperpolarizing phase of a neuron's action potential where the cell's membrane potential falls below the normal resting potential. This is also commonly referred to as an action potential's undershoot phase. AHPs have been segregated into "fast", "medium", and "slow" components that appear to have distinct ...