Ownership of real property in fee simple defeasible means that:
A) The ownership is for only a limited period of time.
B) The ownership is absolute except that ownership may be lost upon the occurrence or nonoccurrence of some event.
C) The property reverts to the grantor when some condition is met.
D) Some type of joint ownership exists.
E) The property was acquired through a donation.
Correct Answer:
Verified
Q49: An abstract of title is a chronological
Q50: Which of the following is characteristic of
Q51: In a Torrens system,the owner of property
Q52: A quitclaim deed provides the most amount
Q53: A quiet title action helps to determine
Q55: The holder of a life estate can
Q56: The owner of land that is subject
Q57: Which form of real property ownership includes
Q58: One who owns property can bring a
Q59: Grantor transfers real property to the city
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents