Which of the Following Is a True Statement Concerning a Life

question 37

Multiple Choice

Which of the following is a true statement concerning a life estate?

• A) A life estate is an ownership right for the life of the grantor.
• B) A life estate is an ownership right in property for the life of any individual designated by the grantor.
• C) A life estate requires special wording, prescribed by statute, to create it.
• D) None of these.

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Definitions:

Satisfied Needs

The condition of having one's basic or specific desires fulfilled or met.

Motivational Impact

The effect of different factors on an individual's drive or incentive to perform tasks and goals.

Physiological Desire

A fundamental need stemming from the body's biological functions, such as hunger, thirst, or the need for sleep.

Psychological Desire

An emotional state that compels individuals towards a specific need or want, influencing behavior.