Asked by
grace vuong
on Nov 28, 2024
Verified
Aggie owns Buffalo Ranch. Aggie's ownership rights include the right to sell or give away the property without restriction, and the right to use the property for whatever purpose she sees fit. Aggie's ownership interest is
A) a fee simple absolute.
B) a license.
C) a life estate.
D) a profit.
Fee Simple Absolute
A type of ownership of real property that grants the owner limitless, perpetual rights to the property, including the rights to use, sell, or bequeath the property.
Ownership Rights
Legal rights that confer the ability to use, control, and dispose of property or an asset.
- Compare and contrast different property interest types with forms of ownership.
Verified Answer
RB
Learning Objectives
- Compare and contrast different property interest types with forms of ownership.