A Reversion and a Remainder Are Similar in That

question 26

Multiple Choice

A reversion and a remainder are similar in that:

• A)Both can be sold or mortgaged
• B)Both cause the property to go back to the grantor after the sale
• C)Neither is an actual interest in the property
• D)Neither is considered a future estate

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Definitions:

Silence

The absence of expressed stipulations or disclosures, which in certain legal contexts, may imply consent or acquiescence.

Actionable Fraud

A deceptive act that intentionally misleads or deceives another party, causing them harm, and is serious enough to provide grounds for a lawsuit.

Underpriced

Referring to an item, asset, or security that is available for sale at a price believed to be below its inherent or market value, often used in the context of financial investments.

National Recognition

The acknowledgment by a country or organization of another's status, rights, or conditions, often relating to sovereignty or quality standards.