Asked by Catherine Lewis on Sep 30, 2024
Which of the following grants a person unconditional power to dispose of the property during her lifetime or upon her death?
A) License
B) Easement
C) Fee simple absolute
D) Profit
Fee Simple Absolute
Fee simple absolute is the most complete form of ownership of real estate, providing unlimited control subject to government restrictions and commitments.
Unconditional Power
Absolute authority or control without any restrictions or conditions.
Dispose
The act of selling, transferring, or getting rid of an asset or property.
- Develop an understanding of the legal frameworks that dictate the ownership and transfer of real property, specifically in terms of joint tenancy, tenancy in common, and tenancy by the entirety.
- Identify and differentiate between real property and personal property, including the concept of fixtures.
Learning Objectives
- Develop an understanding of the legal frameworks that dictate the ownership and transfer of real property, specifically in terms of joint tenancy, tenancy in common, and tenancy by the entirety.
- Identify and differentiate between real property and personal property, including the concept of fixtures.