Asked by
Forever Young
on Nov 10, 2024
Verified
With regard to real property law, which one of the following is true?
A) If the fee simple is conveyed to Mr. and Mrs. So and there is no indication of the nature of their co-ownership, they take the land as joint tenants.
B) A life estate is an interest in land that necessarily ends when the life of the grantor ends.
C) An interest in land less than an estate (e.g., an easement) gives its owner exclusive possession of that property for some period of time.
D) If one co-owner wants to sell but the other won't consent to the sale, the first one may be able to get a court order to sell the property.
E) If a father cuts his family out of his will and leaves the property to someone else, there is no legal recourse for the family; i.e., the property is his to dispose of entirely as he wishes.
Fee Simple
The most complete ownership interest one can have in real property, with the absolute right to use it, dispose of it, and inherit it, subject only to government restrictions.
Joint Tenants
A form of co-ownership where two or more persons hold equal shares of a property, with a right of survivorship if one owner dies.
Life Estate
An interest in land ending at death of the estate holder.
- Identify the judicial ramifications of collective ownership and the rights of collective owners with respect to property transactions and legacy.
- Master the theory of life estate and fee simple ownership, along with understanding the rights and limitations attached.
Verified Answer
AS
Learning Objectives
- Identify the judicial ramifications of collective ownership and the rights of collective owners with respect to property transactions and legacy.
- Master the theory of life estate and fee simple ownership, along with understanding the rights and limitations attached.