Define Sanctions and the Two Forms Discussed in Your Textbook

question 17

Essay

Define sanctions and the two forms discussed in your textbook. Include examples.

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Definitions:

Contingent Remainder

A future interest in real property that depends on the occurrence of an uncertain event before it becomes possessory.

Property Interest

A legal right or claim to resources or possessions, such as real estate or intellectual property.

Graze

The act of eating small quantities of food periodically or animals feeding on grass in a pasture.

Warranty Deed

A document that guarantees the seller holds clear title to a piece of real estate and has a right to sell it to the buyer.