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Which of the Following Are Valid Formulas

question 22

Multiple Choice

Which of the following are valid formulas?


Definitions:

Fee Simple

The highest level of land ownership, giving the owner complete control over the property, subject to government laws.

Life Estate

A legal interest in property that lasts for the duration of a person's life, allowing them to use the property but not sell it outright.

Crown Patent

A legal document issued by the Crown (government) granting rights or land to an individual or entity in Canada.

Fee Simple

The broadest form of property ownership where the owner has unrestricted rights to the property, including the rights to use, sell, or inherit it.

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