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:

Behaviors

Actions or reactions of an individual in response to external or internal stimuli.

Variable-Ratio Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable number of responses, leading to high and steady response rates.

Operant Conditioning

A learning process in which the strength of a behavior is modified by its consequences, such as rewards or punishments.

Extinction

In behavioral psychology, the process through which a conditioned response decreases in frequency and eventually disappears as a result of the conditioned stimulus being presented without reinforcement.