Multiple Choice
Steve possesses five hundred acres of forested property.He has the right to use the land,including cutting its timber,for life.He also has the right to lease the land for a period not to exceed his life.This is
A) a fee simple absolute.
B) a leasehold estate.
C) a life estate.
D) an easement.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: To widen a highway, the state of
Q32: With a tenancy at will, either party
Q36: Greg rents an apartment to Hugo, who
Q48: Manhattan Developers,Inc. ,pays Northeast Trust Company to
Q54: Maria uses Nick's garage to store her
Q55: Holly owns a farm in Iowa,with a
Q56: The mere possession of land without right
Q59: In a tenancy in common, the interests
Q60: Personal property may become real property by
Q67: A life tenant can exploit the land