Fact Pattern 50-1A (Questions A3-A4 apply)
Nikita owns land in Ohio.Her ownership rights include the right to sell or give away the property without restriction,and the right to commit waste,if she chooses.
-Refer to Fact Pattern 50-1A.Nikita conveys some of her land to Reggie with the right to possess and use the property for a certain period of time.Nikita has given Reggie
A)a fee simple absolute.
B)a leasehold estate.
C)a life estate.
D)an easement.

Question

Quizplus · Accepted Answer

By conveying the land to Reggie with a right to possess and use it for a certain period of time, Nikita has granted Reggie a leasehold estate. This means that Reggie has the right to use and possess the property for the specified period, but ownership remains with Nikita.

Fact Pattern 50-1A (Questions A3-A4 Apply)