Jill recently inherited money from her old aunt Maude. Jill decided to buy beach-front property in Beaufort, South Carolina. Jill's new property consists of 3 acres of land, with direct access to the ocean. When she bought the land there is no home on it, but she wants to build a beach home in the future. A year after she bought the lovely lot, the city of Beaufort rezones the land, prohibiting
any building so that other residents can enjoy the view. When Jill buys her beach-front land she also buys the right to exclusive possession of and enjoyment of those 3 acres. What Jill has purchased is:
a. a fee defeasible b. a life estate
c. a reverter interest
d. a remainder interest e. a fee simple estate
e
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