Fred Has Received a Deed That Says," to Fred for Life,and

question 29

Multiple Choice

Fred has received a deed that says," to Fred for life,and upon Fred's death,to the original grantor." What type of interest does the grantor have?

• A) a life estate pour autre vie
• B) a right of survivorship
• C) a reversion
• D) a remainder
• E) a tenancy at sufferance

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Definitions:

Checkbook Balance

The amount of money currently available in a checking account, according to the account holder's records.

Outstanding Checks

Checks that have been written and recorded in the checkbook but have not yet been cleared or deducted from the bank account.

Automatic Transfer

A prearranged scheme for moving funds from one account to another electronically on a set schedule.

Bank Statement Balance

The total amount of funds in a bank account at the end of a given statement period as recorded by the bank.