An Interest in Property Limited in Duration to the Life

question 49

Multiple Choice

An interest in property limited in duration to the life or lives of one or more persons is known as a:

• A) future interest.
• B) fee simple absolute.
• C) fee simple determinable.
• D) life estate.

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Definitions:

Conservatives

People or political groups that generally advocate for preserving traditional values and institutions, emphasizing stability and continuity.

Legal-Rational Authority

Power legitimized through laws, rules, and procedures, characteristic of modern bureaucratic institutions.

Max Weber

A German sociologist, philosopher, and political economist known for his theories on the development of Western society and his analysis of bureaucracy, social stratification, and the sociology of religion.

Modern Societies

Societies characterized by advanced industrialization, urbanization, technological progress, and complex social structures.