If a Reversion Follows a Life Estate,upon the Termination of the Life

question 106

True/False

If a reversion follows a life estate,upon the termination of the life estate,the property will transfer to someone other than the party who granted the life estate.

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Definitions:

Commercial Expertise

Specialized knowledge or skills in the field of commerce, including areas like marketing, finance, and international trade.

Firm Offer

An offer (by a merchant) that is irrevocable without consideration for a period of time (not longer than three months). A firm offer by a merchant must be in writing and must be signed by the offeror.

Irrevocable

Incapable of being retracted, revoked, or undone; permanent.

Consistent Additional Terms

Supplemental terms in a contract or agreement that are in harmony with the original stipulations without causing contradictions or conflicts.