The right to possess, encumber, use, and enjoy a piece of property, to the exclusion of all others, would be an accurate description of:
A) a life estate
B) real property
C) property ownership
D) an equitable position

Question

Quizplus · Accepted Answer

The right to possess, encumber, use, and enjoy a piece of property, to the exclusion of all others, is the full bundle of rights associated with property ownership. Real property is a subset of property ownership, referring specifically to land and permanent structures on that land. A life estate refers to ownership of property only for the duration of the owner's life, and an equitable position refers to a legal claim or right that is based on principles of fairness rather than strict property ownership.

The Right to Possess, Encumber, Use, and Enjoy a Piece