Mary owns a life estate in her home. She no longer wishes to live there, and her good friend Bess wants to buy the home. Can Mary sell her life estate to Bess? If so, how long will Bess own the home?
Fill in the blank(s) with the appropriate word(s).
A life estate is transferable, and therefore Mary can sell her home to Bess. Bess will own a life estate in the home for the lifetime of Mary, meaning that Bess will own the home until Mary’s death.
You might also like to view...
Which of the following states has implemented a voluntary statewide certification program for paralegals?
a. Arizona b. Michigan c. Texas d. New Jersey
Refer to the instruction above. Suppose the vendor does contract with another lemonade supplier at a cost of $14,000, and because Harry's lemonade isn't available he makes $5,000 less in profits than he expected. How are his damages classified?
A) $14,000 in consequential damages and $5,000 in incidental damages B) $2,000 in incidental damages and $5,000 in consequential damages C) $2,000 in consequential damages and $5,000 in incidental damages D) $14,000 in incidental damages and $5,000 in consequential damages
What is a Constructive criticism?
What will be an ideal response?
Shepardizing refers to the process used to determine the current validity of an authority.
Answer the following statement true (T) or false (F)