Mario Bought a Small House in Nelson and Was Puzzled

question 194

Multiple Choice

Mario bought a small house in Nelson and was puzzled when he saw the conveyancing documents, which referred to a transfer of a "fee simple." The following statements were made to him to explain the term. Which is incorrect?

• A) The owner of the fee simple also owns what is below the land subject to the reservations in favour of the Crown.
• B) The owner of the fee simple has the right to exclusive possession of the land and can sell it in his lifetime or dispose of it by his will.
• C) If the owner of the fee simple dies without a will, his estate reverts back to the Crown.
• D) Technically, only the Crown owns the land, but the fee simple interest is the greatest bundle of rights, other than the Crown's, a person can own.
• E) The owner of the fee simple has rights to the surface of the earth and also to anything attached to it, e.g., crops, houses, fences.

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Definitions:

Filter the Recipient List

The process of applying criteria to select a subset of addresses from a mailing list, ensuring messages are sent only to targeted individuals.

Western States

Refers to the geographical region in the United States consisting of states located in the western part of the country.

IF Field

In the context of word processing and spreadsheets, an IF field or function executes a command or displays content based on whether a particular condition is true or false.

State Field

In databases, a field designated to store the state portion of an address.