A Resource Is Considered Renewable If ________

question 33

Multiple Choice

A resource is considered renewable if ________.

• A) it is used at rates greater than it is naturally replaced
• B) nature can replace it within a short time span relative to human life
• C) nature can replace it within hundreds or thousands of years
• D) nature can replace it within a million years

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Definitions:

Possibility of Reverter

A future interest held by a grantor, or the grantor's successors, that allows the property to revert back if certain conditions are met.

Complementary Estate

Describes property rights or interests that are held by different parties but are necessary to the full use and enjoyment of each other's property.

Qualified Fee

An estate in land that is subject to certain conditions or limitations, potentially limiting the ownership duration or rights.

Tenants by the Entireties

A form of joint tenancy of property that provides rights of survivorship and is available only to a Husband and Wife.