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After a dispute over land, financing, use, or transfer reaches court, one party asks for enforcement of a claimed property right. A deed transferred land to named children, but only if they graduate before a stated age. The disputed action was partly authorized but exceeded an important limitation. The parties disagree about the legal effect of those facts. Which option gives the best analysis?

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Treat the formal label attached to the claim or defense as conclusive and disregard facts bearing on the rule's elements. The court should resolve the dispute by applying the operative rule to the material facts: The answer should identify the governing rule for Future Interests and apply it to the operative facts. Resolve the dispute on equitable fairness alone without identifying the governing doctrine or its limits. Reject the claim or defense solely because the opposing party disputes a required fact.

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