Choose the Word or Phrase in [ ] Which Will

question 154

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A renter's policy typically [does | does not] provide protection against liability claims.

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Definitions:

Fee Simple Absolute

The most complete form of ownership of real property, which includes the total bundle of rights without duration limit and with the freedom to use or dispose of the property as the owner sees fit.

Land Ownership

The legal right to possess, use, and control a designated area of land.

Life Estate

A property interest that gives a person the right to possess and use property for a time that is measured by his lifetime or that of another person.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by all parties involved, in order to be enforceable.