If Ann grants a life estate to Ben and specifies that title will be transferred to Carl upon the death of Ben which of the following is false?
A) Ben is the life tenant.
B) Carl has a revisionary interests.
C) Ben owns the property.
D) Carl is the remainder man.
Answer: B) Carl has a revisionary interests.
Business
You might also like to view...
The aggressive funding strategy is a strategy by which a firm finances all projected funds requirements with long-term funds and uses short-term financing only for emergencies or unexpected outflows
Indicate whether the statement is true or false
Business
Distribution cost efficiencies can save money and be a competitive advantage
Indicate whether the statement is true or false
Business