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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Definitions:

Motivations

The reasons or driving forces behind individuals' actions or behaviors, stemming from personal desires, needs, or specific goals.

Watching

The act of observing or monitoring activities, behaviors, or phenomena, often for information gathering, entertainment, or supervision.

Research Project

A systematic investigation into a specific question or problem using scientific methods to gather data, analyze results, and draw conclusions.

Control Variable

A control variable is a factor in scientific experiments that is kept constant to test the relative impact of an independent variable.