Antonio is the owner of a lakeside house and lot. He deeds the house and lot to

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Antonio is the owner of a lakeside house and lot. He deeds the house and lot “to my wife, Angela, for life, then to my son, Charles.” Given these facts, answer the following questions:

1. Does Antonio have any ownership interest in the lakeside house after making these transfers? Explain.

2. What is Angela’s interest called? Is there any limitation on her rights to use the property as she wishes?

3. What is Charles’s interest called? Why?

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Business Law Text and Exercises

ISBN: 978-1305509603

8th edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Jul 12, 2019 10:34 AM

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Antonio is the owner of a lakeside house and lot. He deeds the house and lot to

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1 As outlined in the discussion of ownership interests Antonio has no interest in the lakeside ...View the full answer

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