If the right of possession returns to a third party upon the expiration of a limited or contingent estate,it is called a reversion.
Correct Answer:
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Q49: The two (2)forms of future interests are
Q50: One does not become the owner of
Q51: A reversion is the right of possession
Q52: In most states,a person who wrongfully possesses
Q53: A warranty deed will protect a grantee
Q55: Once title insurance is purchased,it is good
Q56: If a reversion follows a life estate,upon
Q57: A person who is concerned about his
Q58: If you rent property for an uninterrupted
Q59: Reversionary interests must be expressly stated.
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