Meaning of Blackacre | Babel Free
Definitions
A placeholder name of a fictitious or hypothetical estate in land commonly used to discuss the rights of various parties to a piece of real property.
Examples
“If A. have⟳ Black Acre and C. have⟳ White Acre, and A. has a way over White Acre to Black Acre, and then purchases White Acre, the way will be extinct; and if A. afterwards enfeoff C. of White Acre without excepting the road, it is gone.”
“Example: Alvin holds Blackacre for investment and wishes to exchange⟳ it for like⟳ kind property to be held for investment. Becky wants Blackacre, but has only cash.”
“For example, a gift of Blackacre today, when Blackacre is worth $100,000, will freeze⟳ the value of Blackacre at $100,000 forever when determining the value of the transferor's transfer⟳ tax base⟳, assuming Blackacre will not be brought back into the transferor's estate under I.R.C. § 2036, 2037, or 2038 because the grantor has retained some right or power over Blackacre.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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