What is a fee simple? What is a life estate? If Maurice grants a life estate to his wife, what interest does he retain?
Explain.
a. A fee simple (absolute) is an estate in land that is unlimited as to duration, disposition, and descendability. It is the largest estate and the most extensive interest that can be enjoyed in land.
b. A life estate is an estate in land whose duration is limited to the life of the party holding it, or some other person.
c. Maurice maintains a reversion if he makes no disposition of the remainder of the estate. Upon the death of his wife, the property will go back to Maurice.
You might also like to view...
What is the value of cell A4?
a) -12
b) 36
c) -32
d) 12
e) 30
Speakers may lose ground if their answers
a. leave receivers confused. b. leave receivers convinced. c. leave receivers enthusiastic. d. leave receivers persuaded.
An agreement of rental between a landlord and tenant is a(n) ____________________
Fill in the blank(s) with correct word
Good salespeople ________.
A. believe in what they are selling B. feel good about what they are selling C. All of these. D. None of these.