With Regard to Interests in Land, Which One of the Following

question 162

Multiple Choice

With regard to interests in land, which one of the following statements is true?

• A) If the fee simple is conveyed to "Mr. Bill and Mr. Phaster" without indicating the nature of their co-ownership, they take the land as joint tenants.
• B) The interest in land referred to as the "life estate" is not outright ownership but is the greatest "bundle" of rights in relation to that land that the owner can have.
• C) If a joint tenant severs the joint tenancy, he can then will his interest in the land to whomever he chooses, and on his death the person named will take his interest.
• D) A joint tenant can sever the joint tenancy by bequeathing his interest in a will the property to a third person.
• E) An easement in land is characterized by giving the owner of the estate exclusive possession of that property for some time.

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Definitions:

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The total amount of a good or service available for purchase at any given price.