Which of the following is false regarding a "reversion" and a "remainder?"
A) A reversion is a right of possession that returns to the grantor after expiration of a limited or contingent estate.
B) A reversion arises automatically by law.
C) If a right of possession returns to a third party upon the expiration of a limited or contingent estate, it is called a remainder.
D) Both a reversion and a remainder are a form of future interest.
E) A reversion may apply to real property, while a remainder may not.
Correct Answer:
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