Which of the Following Is the Implied Default Title Conveyed

question 5

Multiple Choice

Which of the following is the implied default title conveyed in a sale of real estate?

• A) life estate
• B) servient estate
• C) fee simple absolute
• D) fee simple defeasible

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Definitions:

Speculative Demand

The demand for an asset or commodity based on the expectation that its price will increase, leading to profits from resale rather than its use or income generation.

Rising Interest Rates

A situation in which the cost of borrowing money increases, often due to central bank policies.

Speculative Motive

The intent to hold cash for the purpose of taking advantage of future financial opportunities that may arise.

Opportunity Cost

The loss of potential gain from other alternatives when one particular alternative is chosen.