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Instead of studying for a big exam the next day,a group of students instead decided to go see a movie.When questioned about why they were going to the movie instead of studying,Ralph explained that "Going to the movie was a way of helping the mind to relax,and in fact,by going to the movie,they were going to make their study time later more effective because of the improved mood that they will be in.So by not going to the movie they were actually hurting their grades." From the group think perspective,this is an example of
Estate In Fee Simple
The greatest form of property ownership, where the owner has unrestricted rights to the property and can dispose of it as they wish.
Life Estate
An estate in land in which the right to possession is based upon a person’s lifetime.
Life Estate
A legal right to use and derive benefit from property for the duration of one's life, after which control reverts to another party.
Fee Simple
A type of freehold ownership where the owner has the greatest possible rights over the land forever.
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