Knowledge

Equitable conversion

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563: 28: 838:(UVPRA) in one form or another. The UVPRA bases the legal consequences of no-fault casualty loss on the right of possession of the property at the time the loss occurs. See Brush Grocery Kart v. Sure Fine Market, 47 P. 3d 680 (Colo. 2002). Generally, the provisions of the UVPRA can be modified or avoided in the 814:
to his daughter. If the seller dies after a contract for conveyance is signed by a buyer, the seller's interest in the land will be treated as personal property, and the proceeds of the sale will pass to his daughter. In most jurisdictions, the real property interest created by the contract will pass
797:
is then transferred to the buyer – if a house on the property burns down after the contract has been signed, but before the deed is conveyed, the buyer will nevertheless have to pay the agreed-upon purchase price for the land unless the seller in possession or deemed in possession has
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In Massachusetts and a handful of other states, the seller continues to bear the risk until the title is actually transferred to the buyer, unless there is an agreement to the contrary. See Brush Grocery Kart v. Sure Fine Market, 47 P. 3d 680 (Colo. 2002).
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failed to protect it. Such issues can and should be avoided by parties by stipulating in the contract who will bear the loss in such occurrences. The above rule varies by jurisdiction, but is the general rule.
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If one of the parties dies after the contract for sale of the property has been executed, the doctrine will govern how that party's interest will pass to his heirs. For example, the seller
826:
does not recognize equitable conversion. In New York, as long as the buyer is without fault, the risk of loss remains on the seller until the buyer takes title or possession.
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to the buyer's heirs, while the seller's personal property interest created by the contract will pass to the seller's estate.
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Rabin, Edward et al. Fundamentals of Property Law. Foundation Press: New York, 2006. pp. 1128–1129.
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of the property prior to the date of conveyance, but this land interest is considered
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binding him/her to purchase the land at a later date. The seller retains
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under which a purchaser of real property becomes the
898: 834:A growing minority of States have adopted the 801: 747: 532: 781:to the property at the time he/she signs a 754: 740: 539: 525: 899: 810:his real property to his son, and his 836:Uniform Vendor and Purchaser Risk Act 830:Uniform Vendor and Purchaser Risk Act 113:Lost, mislaid, and abandoned property 13: 14: 923: 561: 26: 885: 860: 1: 854: 420:Lateral and subjacent support 387:Practicing without a license 7: 10: 928: 802:Effect of death of a party 313:Doctrine of worthier title 444:Conflict of property laws 300:Rule against perpetuities 846:The "Massachusetts Rule" 779:equitable owner of title 872:E Conveyancing Adelaide 868:"Conveyancing Adelaide" 295:Restraint on alienation 322:Nonpossessory interest 769:is a doctrine of the 271:Action to quiet title 767:Equitable conversion 687:Specific performance 578:Equitable conversion 266:Equitable conversion 634:Bona fide purchaser 555:Equitable doctrines 408:prior appropriation 356:Equitable servitude 840:Land Sale Contract 708:Equitable interest 667:Declaratory relief 662:Constructive trust 657:Account of profits 648:Equitable remedies 438:Quicquid plantatur 246:Deeds registration 88:Adverse possession 57:Community property 812:personal property 791:personal property 764: 763: 713:History of equity 703:Court of Chancery 608:Unconscionability 549: 548: 189:Concurrent estate 172:Defeasible estate 52:Personal property 919: 892: 889: 883: 882: 880: 878: 864: 756: 749: 742: 718:Maxims of equity 565: 551: 550: 541: 534: 527: 508:Higher category: 454:Security deposit 251:Estoppel by deed 194:Leasehold estate 67:Unowned property 30: 16: 15: 927: 926: 922: 921: 920: 918: 917: 916: 897: 896: 895: 890: 886: 876: 874: 866: 865: 861: 857: 848: 832: 804: 760: 613:Undue influence 593:Knowing receipt 545: 506: 393:Property rights 391: 239: 177:Future interest 165: 142:Estates in land 12: 11: 5: 925: 915: 914: 909: 894: 893: 884: 858: 856: 853: 847: 844: 831: 828: 803: 800: 762: 761: 759: 758: 751: 744: 736: 733: 732: 731: 730: 725: 720: 715: 710: 705: 697: 696: 692: 691: 690: 689: 684: 679: 674: 669: 664: 659: 651: 650: 644: 643: 642: 641: 636: 628: 627: 623: 622: 621: 620: 615: 610: 605: 600: 595: 590: 585: 580: 572: 571: 567: 566: 558: 557: 547: 546: 544: 543: 536: 529: 521: 518: 517: 505: 504: 499: 494: 481: 476: 468: 467: 459: 458: 457: 456: 451: 446: 441: 434: 427: 422: 417: 416: 415: 410: 400: 398:Mineral rights 395: 389: 384: 379: 374: 366: 365: 364:Related topics 361: 360: 359: 358: 353: 348: 343: 338: 333: 325: 324: 318: 317: 316: 315: 310: 307:Shelley's Case 302: 297: 289: 288: 281: 280: 279: 278: 273: 268: 263: 258: 256:Quitclaim deed 253: 248: 243: 237: 232: 221: 220: 214: 213: 212: 211: 206: 201: 196: 191: 186: 185: 184: 174: 169: 163: 158: 153: 151:Allodial title 145: 144: 138: 137: 136: 135: 130: 125: 120: 118:Treasure trove 115: 110: 105: 100: 95: 90: 85: 77: 76: 72: 71: 70: 69: 64: 59: 54: 46: 45: 41: 40: 32: 31: 23: 22: 9: 6: 4: 3: 2: 924: 913: 910: 908: 905: 904: 902: 888: 873: 869: 863: 859: 852: 843: 841: 837: 827: 825: 821: 816: 813: 809: 799: 796: 792: 788: 784: 780: 776: 775:real property 772: 768: 757: 752: 750: 745: 743: 738: 737: 735: 734: 729: 726: 724: 721: 719: 716: 714: 711: 709: 706: 704: 701: 700: 699: 698: 694: 693: 688: 685: 683: 680: 678: 677:Rectification 675: 673: 670: 668: 665: 663: 660: 658: 655: 654: 653: 652: 649: 646: 645: 640: 637: 635: 632: 631: 630: 629: 625: 624: 619: 616: 614: 611: 609: 606: 604: 601: 599: 596: 594: 591: 589: 586: 584: 581: 579: 576: 575: 574: 573: 569: 568: 564: 560: 559: 556: 553: 552: 542: 537: 535: 530: 528: 523: 522: 520: 519: 516: 512: 509: 503: 500: 498: 495: 493: 489: 485: 482: 480: 477: 475: 472: 471: 470: 469: 465: 461: 460: 455: 452: 450: 447: 445: 442: 440: 439: 435: 433: 432: 428: 426: 423: 421: 418: 414: 411: 409: 406: 405: 404: 401: 399: 396: 394: 390: 388: 385: 383: 380: 378: 375: 373: 370: 369: 368: 367: 363: 362: 357: 354: 352: 349: 347: 344: 342: 339: 337: 334: 332: 329: 328: 327: 326: 323: 320: 319: 314: 311: 309: 308: 303: 301: 298: 296: 293: 292: 291: 290: 286: 283: 282: 277: 274: 272: 269: 267: 264: 262: 259: 257: 254: 252: 249: 247: 244: 242: 238: 236: 235:Torrens title 233: 231: 229: 225: 224: 223: 222: 219: 216: 215: 210: 207: 205: 202: 200: 197: 195: 192: 190: 187: 183: 180: 179: 178: 175: 173: 170: 168: 164: 162: 159: 157: 154: 152: 149: 148: 147: 146: 143: 140: 139: 134: 131: 129: 126: 124: 121: 119: 116: 114: 111: 109: 106: 104: 101: 99: 96: 94: 91: 89: 86: 84: 81: 80: 79: 78: 74: 73: 68: 65: 63: 62:Real property 60: 58: 55: 53: 50: 49: 48: 47: 43: 42: 38: 34: 33: 29: 25: 24: 21: 18: 17: 912:Equity (law) 907:Property law 887: 875:. Retrieved 871: 862: 849: 833: 817: 805: 795:risk of loss 766: 765: 577: 507: 497:Criminal law 474:Contract law 436: 429: 403:Water rights 306: 265: 241:Strata title 227: 218:Conveyancing 199:Condominiums 35:Part of the 20:Property law 787:legal title 639:Clean hands 618:Subrogation 603:Marshalling 209:Land tenure 204:Real estate 167:Life estate 75:Acquisition 901:Categories 855:References 682:Rescission 672:Injunction 515:Common law 464:common law 425:Assignment 285:Future use 156:Fee simple 133:Alienation 37:common law 728:Trust law 570:Doctrines 449:Blackacre 382:Partition 230:purchaser 228:Bona fide 182:remainder 108:Accession 103:Discovery 877:July 18, 824:New York 783:contract 626:Defences 588:Hotchpot 583:Estoppel 502:Evidence 479:Tort law 431:Nemo dat 413:riparian 372:Fixtures 351:Covenant 346:Usufruct 336:Easement 305:Rule in 261:Mortgage 161:Fee tail 123:Bailment 98:Conquest 723:Tracing 695:Related 492:estates 287:control 276:Escheat 128:License 598:Laches 488:trusts 462:Other 341:Profit 39:series 820:State 808:wills 484:Wills 466:areas 377:Waste 44:Types 879:2014 818:The 513:and 490:and 331:Lien 93:Deed 83:Gift 822:of 773:of 771:law 511:Law 903:: 870:. 842:. 486:, 881:. 755:e 748:t 741:v 540:e 533:t 526:v

Index

Property law

common law
Personal property
Community property
Real property
Unowned property
Gift
Adverse possession
Deed
Conquest
Discovery
Accession
Lost, mislaid, and abandoned property
Treasure trove
Bailment
License
Alienation
Estates in land
Allodial title
Fee simple
Fee tail
Life estate
Defeasible estate
Future interest
remainder
Concurrent estate
Leasehold estate
Condominiums
Real estate

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