Which of the Following Statements Is TRUE with Respect to "Reversions

Multiple Choice

Which of the following statements is TRUE with respect to "reversions" and "remainders," as those terms were discussed in the text?

A) The doctrine of waste imposes an obligation on a person who has either a reversion or a remainder.
B) A remainder is used only if one life estate is followed by another life estate.
C) If a life estate is followed by a reversion, the right to sue for waste belongs to the person who created the life estate.
D) Reversions and remainders are far more common in a business context than in a family context.
E) A reversionary interest exists only if a person has paid to buy back a piece of land that he or she previously sold.