Failure by an Owner of a Life Estate to Adequately

question 4

Multiple Choice

Failure by an owner of a life estate to adequately maintain the property subject to the life estate is known as

• A) descent.
• B) waste.
• C) devise.
• D) none of the above.

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Definitions:

Human Immunodeficiency Virus

A virus that attacks the immune system and can lead to acquired immunodeficiency syndrome (AIDS), a condition in which progressive failure of the immune system allows life-threatening opportunistic infections and cancers to thrive.

Malignant Tumours

Cancerous growths that have the ability to invade nearby tissues and spread to other parts of the body.

Blood

A vital liquid in humans and animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify the risk of the security or market.