The Difference Between a Qualified Fee Ownership and a Fee

question 97

Multiple Choice

The difference between a qualified fee ownership and a fee simple ownership is that a qualified fee ownership can be ________.

• A) transferred at will by the owner of the property
• B) terminated if a specified event occurs or fails to occur
• C) infinite in its duration
• D) inherited without limitations

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Definitions:

Biological Children

Children genetically related to their parents, as opposed to adopted children.

Childfree

The decision or condition of not having children by choice, focusing on personal, social, or environmental reasons.

Same-Sex Couple

A romantic partnership between two individuals of the same sex or gender identity.

Social Development

The process by which individuals learn to interact with others and to function successfully within society.