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All main topics / Law / Property / Property
For BURDEN of promise to bind promisor’s sucessors, (6 elements of covenant for burden)
1.Compliance w/ statute of frauds

2.Intent to bind successors

3.Touch and concern


5.Horizontal privity (not necessary in all jurisdictions, not restatement approach)
Contractual relationship between original parties: interests
ii.successive interests requirement

6.Vertical privity
Relationship between original party to promise and his successor
Exists only if successor received entire estate that original party had (HAS TO MATCH- fee simple to fee simple)
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Flashcard info:
Author: jackielen
Main topic: Law
Topic: Property
Published: 17.04.2010




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