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A ________ Calls for Consumers to Submit an Entry to Be

question 30

Multiple Choice

A ________ calls for consumers to submit an entry to be judged by a panel that will select the best entries.


Definitions:

Leasehold Estate

The creation of an ownership interest in the tenant. An interest in real estate that is held under a lease. Also called tenancy.

Life Estate

An estate in which the owner owns real property for his or her life or for the life of another.

Reversion Estate

A future interest in property when title is to return to the grantor or grantor’s heirs upon expiration of a life estate.

Tenancy In Common

A form of joint ownership of property where each owner holds a percentage interest that can be sold or inherited independently of the others.

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