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    Essentials of Business Law and the Legal Environment Study Set 2
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    Exam 48: Interests in Real Property
  5. Question
    Larry Leases His Farm to Tom for a Period of Twenty
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Larry Leases His Farm to Tom for a Period of Twenty

Question 39

Question 39

Multiple Choice

Larry leases his farm to Tom for a period of twenty years. What interest does Larry have in the land?


A) A vested remainder.
B) A reversion.
C) A private easement.
D) A possibility of reverter.

Correct Answer:

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