Pabst Brewing Co., (26) in which the Wisconsin Supreme Court rejected several reversioners' damage claim for waste arising from the destruction of a once fine residence whose surrounding neighborhood was transformed into an industrial zone of Milwaukee.
1899), the reversioners brought an action ex post to recover damages for an accidental act of waste that had already occurred when the life tenant, Pabst, mistakenly believing it owned a fee simple interest in a one quarter of an acre parcel, tore down the 1864 mansion sitting on the parcel and leveled the ground to make it suitable for commercial development consistent with its now commercial and industrial surroundings.
Among those that play these law and economic themes forte, see especially GOLDSTEIN & THOMPSON, supra note 12, at 638, 641 (suggesting, contrary to Posner, that Coasian bargaining is possible to solve waste conflicts with life estates as long as the future interest holder is identifiable--e.g., as reversioners or indefeasibly vested remaindermen); CHUSED, supra note 11, at 865-69 (providing a detailed account of present and future value accounting); NELSON, STOEBUCK AND WHITMAN, supra note 12, at 301-04 (same).
For one thing, although the word "reversion" is suggestively applied to Bolingbroke, it is hardly appropriate to describe the heir to the throne as a "reversioner." Indeed, it is doubtful that Bolingbroke is Richard's heir in the relevant sense, for "no one is the heir of a living person."(30) Further, if Richard is only a tenant for life of the Crown, Bolingbroke can be no more than this himself, in expectancy.
Another problem is that the "reversioner" here does not exactly bring a writ of waste against Richard.
all reversions are vested, and the reversioner
takes if all other interests
Allen, Annotation, What Acts, Claims, Circumstances, Instruments, Color of Title, Judgment, or Thing of Record Will Ground Adverse Possession in a Life Tenant as Against Remaindermen or Reversioners
, 58 A.L.R.2d 299, 302-05 (1958); RESTATEMENT (FIRST) OF PROP.
Rosenzweig implies that the Jew, in Schwarzschild's words, "always and everywhere is a stranger in Judaism and with God and that, as a matter of fact, our commitment to the eventual Messianic Kingdom must perforce estrange [the Jew] from the existing conditions of the world at all stages prior to that of the Messiah." See his Guide for Reversioners