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Steve Has Been Writing and Receiving Grants for a University

question 2

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Steve has been writing and receiving grants for a university for the past 10 years.However,when he recently asked for a raise in his salary,it was denied.As a result,Steve's grant writing behavior has significantly decreased.Steve is experiencing a ______ effect.


Definitions:

Remainderman

A person who is entitled to real property subject to a prior interest (e.g., a life estate) and who acquires the fee when the prior estate terminates.

Fee Simple

The most extensive interest in real property available in law, allowing the owner absolute ownership, including the rights to sell, lease, or bequeath the property.

Life Estate

A legal interest in real property that lasts for the lifetime of a specific individual, after which the property reverts to another party.

Fixture

An item of property that is attached to a structure or land in such a way that it is considered a permanent part of the site.

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