Asked by
alexa cohen
on Nov 28, 2024Verified
Derek deeds a parcel of timberland to Elaine as a gift. Derek has given Elaine
A) a fee simple absolute.
B) a life estate.
C) the right to adverse possession.
D) the power of eminent domain.
Fee Simple Absolute
The most complete ownership of property recognized by law, where the owner has unlimited control over the property and can dispose of it at will.
Parcel
A package or bundle of goods wrapped or packed up; also can refer to an individual plot of land.
- Analyze the differentiation among diverse types of property interests and forms of ownership.
Verified Answer
AB
Learning Objectives
- Analyze the differentiation among diverse types of property interests and forms of ownership.