Sam sells property to Betty and delivers Betty a deed that says, "This property is conveyed to
Betty so long as she never operates a bar on the premises." If she operates a bar on the premises,
Sam Seller may take possession of the property.
The type of interest that Betty has acquired is a:
A) Fee simple defeasible.
B) Fee simple limited.
C) Fee simple remainder.
D) Fee simple absolute.
E) Fee simple life estate.
A
You might also like to view...
A balance sheet:
A. Provides owners, investors, and other interested parties with all the financial information they need to evaluate the financial strength, profitability, and future prospects of a given business entity. B. Shows the current market value of the owners' equity in the business at the balance sheet date. C. Assists creditors in evaluating the debt-paying ability of a business by showing the assets and liabilities of the business combined with those of its owner (or owners). D. Shows the assets, liabilities, and owners' equity of a business entity, valued in conformity with generally accepted accounting principles.
Today, software solutions are aimed at collaboration among supply chain partners through point of sale systems, RFID, and other information-sharing systems
a. True b. False Indicate whether the statement is true or false