Provide two examples of how present and future interests can be combined to create a fee simple interest
Fee simple determinable + possibility of reverter
Fee simple subject to a condition subsequent + right of entry/power of termination
Life estate + remainder
Life estate + reversion
Business
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A journal is a chronological record of all money belonging to others that is received by a broker.
a. true b. false
Business
Every country has a monopoly on a favorable foreign reputation for its products or a universally inferior reputation
Indicate whether the statement is true or false
Business