Florian Owns a Life Estate in Blackacre and Walter Owns

question 5

Multiple Choice

Florian owns a life estate in Blackacre and Walter owns a remainder interest.

• A)Walter must pay the annual taxes and Florian the interest on any debts on Blackacre.
• B)if the county charges Blackacre a curb and sidewalk assessment, only Walter would have to pay it.
• C)Florian, since he presently occupies Blackacre, must by law pay the insurance on any buildings.
• D)Florian would have to pay for ordinary repairs, such as painting or window replacements and Walter would have to pay for extraordinary repairs such as replacing a furnace.

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The process by which individuals learn and adopt the values, norms, and behaviors that are considered appropriate in their society.

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