Which of the following estates comes with the greatest bundle of rights?
a. Life estate
b. Leasehold estate
c. Fee simple estate
d. Defeasible fee simple estate
C
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What will be an ideal response?
Refer to the instruction above. Suppose that, after Mr. Wilson agrees with Dennis to let him mow his lawn, Dennis tells Mr. Wilson he can't do it because he has baseball practice. "But Joey's willing to do it instead," Dennis says. "All right," Mr. Wilson replies. "I'll pay Joey the same amount to mow my lawn." What type of transaction has just occurred?
A) a third-party contract between Mr. Wilson and Joey to benefit Dennis B) an assignment from Dennis to Joey C) a delegation from Dennis to Joey D) a novation between Mr. Wilson and Joey
An action for premises liability often will turn upon the question of whether the landholder owed
the plaintiff a duty of care and breached that duty. Under the common law, the landholder will not be liable if the plaintiff is a A) vendee B) trespasser C) licensee D) possessor
“Time is of the essence” makes time limits set forth in a contract strictly enforceable.
Answer the following statement true (T) or false (F)