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Cards In This Set
| Front | Back |
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A freehold estate which is inheritable is a ___ estate
-fee
-real
-life
-less than freehold
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Fee
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The most important distinguishing feature of a fee estate is that it is _______
-transferrable
-simple
-not inheritable
-inheritable
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Inheritable
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A fee estate is one type of _____ estate
-leasehold
-less than freehold
-personal
-freehold
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Freehold
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An estate which is only limited by the governments rights is called a _________ estate.
-fee
-defeasible
-freehold
-fee simple
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Fee simple
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An indefeasible fee estate is known as a _____ estate.
-less than feehold
-life
-freehold
-fee simple
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Fee simple
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The least restricted form of ownership is a ____ estate.
-fee
-freehold
-life
-fee simple
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Fee simple
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A fee estate which is subject to limitations other than the governments rights is called a _______ estate.
-fee simple
-less than freehold
-qualified fee
-qualified life
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Qualified fee
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Another name for a qualified fee is a _____ estate
-less than freehold
-defeasible fee
-life
-indefeasible fee
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Defeasible fee
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The main type of qualified fee estate is called a _______ estate.
-fee simple determinable
-life
-less than feehold
-defeasible
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Fee simple determinable
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A fee estate which will terminate if a condition stated in the deed comes into being or is terminated is called a ________ estate.
-determinable life
-fee simple
-life
-fee simple determinable
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Fee simple determinable
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Carol conveyed her property to Mary for so long as it was used only as a single family residence. This is an example of a _____ estate.
-indefeasible fee
-fee simple determinable
-determinable life
-life
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Fee simple determinable
|
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A freehold estate which is not normally inheritable is called a ______ estate.
-fee
-life
-fee simple
-qualified fee
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Life
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A life estate is one type of ______ estate.
-fee
-personal
-freehold
-less than freehold
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Freehold
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An estate held for a duration of someone's life is
called a _________ estate
-fee
-less than freehold
-life
-qualified fee
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Life
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Jack grants an estate in land to Martha with the stipulation that ownership reverts to him on Marthas death. Martha owns ________
-an estate less than freehold
-no interest in the property
-a qualified fee estate
-a life estate
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A life estate
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