Frank owns Guest Hotel.His ownership rights include the right to sell or give away the property without restriction,as well as the right to commit waste,if he chooses.Frank's ownership interest is
A)a fee simple absolute.
B)a profit.
C)a life estate.
D)the power of eminent domain.

Question

Frank owns Guest Hotel.His ownership rights include the right to sell or give away the property without restriction,as well as the right to commit waste,if he chooses.Frank's ownership interest is​
A)a fee simple absolute.
B)a profit.
C)a life estate.
D)the power of eminent domain.

Quizplus · Accepted Answer

A fee simple absolute is the highest form of ownership interest in a property. It includes the right to sell, give away or dispose of the property as the owner sees fit, and the right to commit waste if desired. Therefore, Frank's ownership interest in Guest Hotel is a fee simple absolute. The other options do not accurately describe Frank's ownership rights.

Frank Owns Guest Hotel