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Describe the Three Forms of Documentation

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Essay

Describe the three forms of documentation.


Definitions:

Immediate Possession

Immediate possession refers to a legal situation where an individual or entity has the right to take control of a property or asset without delay.

Hayfield

A field where hay is grown, usually for agricultural purposes such as feeding livestock.

Reversion

A return to a previous state or condition.

Vested Remainder

A future interest in property that is certain to occur, provided the current estate terminates, and is not subject to any conditions precedent.

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