Which of the Following Defines a Remainder as a Form

question 94

Multiple Choice

Which of the following defines a remainder as a form of future interest?

• A) It is a right of possession that returns to the grantor after the expiration of a limited or contingent estate.
• B) It is a right of possession that returns to a third party upon the expiration of a limited or contingent estate.
• C) It is a form of concurrent possession of a multiple-dwelling building in which a corporation owns the building and the residents own shares in the corporation.
• D) It is a form of concurrent possession that includes the right of survivorship.

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Definitions:

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Acting or thinking in a way that is free from outside control or influence.

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