Bill Purchased a Plot of Land for Which the Deed

question 19

Multiple Choice

Bill purchased a plot of land for which the deed states that the grantor transfers the property "to grantee and his or her heirs". This would have the legal effect of creating a(n) _____.

• A) fee simple absolute
• B) leasehold estate
• C) accession
• D) fixture
• E) fee simple defeasible

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Definitions:

Scope of Authority

The boundaries within which decisions can be made or actions can be taken by an agent as authorized by a principal.

Emergency Situation

A sudden, urgent, usually unexpected occurrence or condition that requires immediate action or assistance.

Unauthorized Act

An action taken without official permission, potentially violating legal or organizational rules.

Principal

In agency law, the individual or entity that authorizes an agent to act on their behalf in business transactions.