Page 899 - SUBSEC October 2017_Neat

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40. Broome holds the fee simple in Daxacres. 42. Dan owns land that is next to St Ann’s
He wishes to change his fee simple to a Street. Peter is the owner and occupier of
life estate for himself with remainder to the land adjoining Dan’s. Dan has allowed
his sons, Felix and Austin. Which of the Peter to walk over his land for the past 25
following is true of the life estate Broome years to go to and from St Ann’s Street.
would hold? Peter is said to have acquired

(A) Felix and Austin hold the remainder (A) a lease
interest for Broome. (B) a licence
(B) Felix holds a life interest for Austin (C) a covenant
with remainder to Broome. (D) an easement
(C) Felix and Austin both hold a
life interest with remainder to
Broome. 43. J, K, L and M own the Orange Acre
(D) Felix and Austin are lessees of property as joint tenants. M dies due to old
Broome for the term of their age. Two weeks later J, K and L advertise
natural lives. the Orange Acre property for sale. How
will the proceeds of the sale be legally
apportioned?
41. Tom owns a house at Macaio. Jerry leases
the house from Tom for a period of five
months at a specified rent. At the expiration (A) J, K and L will each receive one-
of the five months, Tom allows Jerry to third.
remain in the house. Jerry does not pay (B) J, K and L will each receive one-
any rent. What type of tenancy is created quarter.
after the expiration of the five months? (C) M’s share passes to his estate, the
balance is shared equally among
(A) Tenancy-at-will J, K and L.
(B) Periodic tenancy (D) M’s share passes to his next of kin,
(C) Tenancy by estoppel the balance is shared equally
(D) Tenancy at sufferance among J, K and L.

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02231010 CAPE/SPEC 2017