Asked by
ntethelelo khayelihle
on Nov 28, 2024
Verified
Ghani owns Hillside Vineyard. Ghani conveys some of the land "to Iona for her life." Ghani has given Iona
A) a fee simple absolute.
B) a license.
C) a life estate.
D) a profit.
Life Estate
A legal arrangement where an individual has the right to use a property for their lifetime, but does not own the property outright.
Conveys
Transfers ownership or title of property or rights from one person or entity to another.
- Characterize the differences among assorted property interest types and ownership modalities.
Verified Answer
PC
Learning Objectives
- Characterize the differences among assorted property interest types and ownership modalities.