Multiple Choice
Which of the following statements is TRUE?
A) The common law refuses to recognize non-possessory interests in land.
B) True property rights can only be acquired through contract.
C) Land cannot be expropriated if it is subject to a fee simple.
D) A fixed-term tenancy can be terminated only through a notice to quit.
E) As a general rule, a person who holds a life estate has no obligation to spend money to keep the property in good condition but has an obligation to prevent waste.
Correct Answer:
Verified
Correct Answer:
Verified
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