Examlex
Imagine that scientists have discovered a new species of goat that has an incredibly long neck,just like a giraffe.They learn that this new species doesn't eat grass like regular goats,but instead,it prefers to eat leaves from the tops of the trees.Since further DNA testing has revealed that this new species of goat has no common ancestor with the giraffe,the evolution of their long neck would be the result of
Remainderman
A person who is entitled to real property subject to a prior interest (e.g., a life estate) and who acquires the fee when the prior estate terminates.
Fee Simple
The most extensive interest in real property available in law, allowing the owner absolute ownership, including the rights to sell, lease, or bequeath the property.
Life Estate
A legal interest in real property that lasts for the lifetime of a specific individual, after which the property reverts to another party.
Fixture
An item of property that is attached to a structure or land in such a way that it is considered a permanent part of the site.
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