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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
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    A. What Is a Fee Simple
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A. What Is a Fee Simple

Question 51

Question 51

Essay

a. What is a fee simple?
b. What is a life estate?
c. If Ed grants a life estate to his wife, what interest does he retain? Explain.

Correct Answer:

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a. A fee simple (absolute) is an estate ...

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