Calvin transfers land to a trust. Calvin retains the right to the income from the land for the rest of his life. Upon his death, the land is to be transferred to his daughter, Melissa. Melissa's interest is
A) a remainder interest.
B) a life estate.
C) a reversionary interest.
D) a term certain.
A) a remainder interest.
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Fill in the blank(s) with the appropriate word(s).