1. What is the difference between a fee simple absolute estate and a defeasible fee simple estate?

2. What are the three types of defeasible fee simple estates? Why are these estates referred to as "defeasible"? What is the significance of conditions when discussing the three types of defeasible estates?

1. How would you define a life estate? What is the holder of a life estate called? How is a reversion related to a life estate, and who may hold a reversionary interest?
2. Who holds the future interest known as a remainder? How does a remainder differ from a reversion?
3. What is the difference between a life estate and a life estate pur autre vie? What is meant by "measuring life"?
4. Does a life tenant have a right to convey his or her life estate? What is the risk for anyone purchasing a life estate from the life tenant?
5. What is a grantor, and how does a grantor differ from a testator?