Future Interest
One of the hardest concepts of law for first year law students is the concept called "Future Interest" which all law students learn in their first semester of Property. Future interest is a right to receive either real or personal property some time in the future, upon a particular date or upon the occurrence of an event. Depending on the trigger events and the rights of the person holding the future interest and those holding the current interest, different rights are possessed. A simple example is, I grant my son the right to my house upon my death. I have the current right to my house and he has a future interest in my house. However, I can add conditions that can complicate things like, my son can only get the house if he complete college. If he fails to then the house goes to my daughter and she is still alive at my death otherwise, the house will go to my grandkids assuming I have any. These new conditions add different rights to each prospective party and changes the nature of the right that I posses in the property.
I personally didn't enjoy studying the subject but understand its importance. It is a very important concept in wills and trust and in real estate so work through it and figure it out because it will be tested in the State Bar examine in the multi-state portion of the test. There is always a few questions on it.
February Bar Exam
Now that the semester is over, many law student who finished early will begin to prepare for the February bar exam. The deadline to file for the 2012 exam is January 17, 2012. Most should have already started taking their preparatory course to prepare. Most have about 30 days to prepare for this difficult test. Based on the results of the last February Bar examine in California, there were 1415 first time takers of the general bar examination. 54.8% passed or 775 individuals. There were 2949 repeaters. Only 36.4% of those who re took it passed (or 1073). Overall, 4364 individual took the exam and only 42.3% passed (1848 individuals).
20 individuals took the disciplined attorneys examination and only 4 passed. The highest class of takers that passed where those coming from California ABA approved schools. 476 of them took the exam and 302 of them passed. That puts them at a 63.4% passage rate. While Accredited and unaccredited schools which are not ABA approved only had a 28% passage rate.
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