A fee tail is an ownership interest in land, recognized in only a minority of states, that limits succession of the property to members of the owner's family only.
Answer the following statement true (T) or false (F)
True
The fee tail is a common law form of fee ownership that is recognized in only a minority of states; it provides all of the benefits of a fee simple absolute except that the rights of succession are limited or restricted to ensure the real estate will remain within the current owner's family.
You might also like to view...
______ refers to a person’s sexual identity and the gender (s) to which she or he is attracted.
What will be an ideal response?
Bogart Company has 40,000 shares of common stock outstanding. The book value per share of this stock was $60.00 and the market value per share was $75.00 at the end of the year. Net income for the year was $400,000. Interest on long-term debt was
$40,000. Dividends paid to common shareholders were $3.00 per share. The tax rate was 30%. The company's price-earnings ratio at the end of the year was: A) 25 to 1 B) 20 to 1 C) 7.5 to 1 D) 6 to 1
Profit for the Dew Drop Inn Country Diner is given by p = -0.1q2 + 1.80q + 100, where p is profit and q is the number of customers. What number of customers maximizes profit?
A) 100 B) 900 C) 300 D) 9 E) None of the above
Which of the following statements is true of communications objectives?
A. It is difficult to translate sales goals into communications objectives. B. Communications objectives cannot serve as operational guidelines to the planning, execution, and evaluation of promotional programs. C. It is always easy to determine the relationship between communications objectives and sales performance. D. Precise formulas are to be followed when translating sales goals into specific communications objectives. E. All marketing and advertising managers accept communications objectives.