Mike owns a beach house in North Carolina in fee simple. This ownership interest is

A) potentially infinite in duration.
B) limited to the period of Mike's life.
C) limited to the period of the lives of Mike and his immediate heir.
D) subject to the withdrawal or recall of the previous owner.

Question

Reanna Mancera · Accepted Answer

Final Answer : A, Explanation :  Ownership in fee simple means the owner has the most complete ownership interest in the property, which can potentially last forever unless they decide to sell it or it is taken away by legal means such as eminent domain. It is not limited by the owner's life or subject to recall by the previous owner.

Mike owns a beach house in North Carolina in fee simple. This ownership interest is

A) potentially infinite in duration.
B) limited to the period of Mike's life.
C) limited to the period of the lives of Mike and his immediate heir.
D) subject to the withdrawal or recall of the previous owner.

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Learning Objectives

Related questions

Mike owns a beach house in North Carolina in fee simple. This ownership interest isA) potentially infinite in duration.B) limited to the period of Mike's life.C) limited to the period of the lives of Mike and his immediate heir.D) subject to the withdrawal or recall of the previous owner.

Definitions

Learning Objectives

Learning Objectives

Related questions

Mike owns a beach house in North Carolina in fee simple. This ownership interest is

A) potentially infinite in duration.
B) limited to the period of Mike's life.
C) limited to the period of the lives of Mike and his immediate heir.
D) subject to the withdrawal or recall of the previous owner.