10. Approximately how much does it cost each year for a basic renters insurance policy for a student who is renting a small apartment in Seattle, which will provide liability insurance in case a visitor gets injured while visiting, and which will provide theft insurance for all the basic contents of the apartment, up to about $20,000 in contents? You may have to call around to a couple of insurance agents to get this info or check online.

a. About $150 per year

b. About $500 per year

c. About $900 per year

22. Billy-Bob owns a condo in Seattle, and a farm in Yakima. His older brother, Bobby-Lee, has some severe health problems and is unable to work anymore, and just has Social Security Disability income of about $800/month. Billy-Bob records a deed giving a life estate to Bobby-Lee as long as he lives, with the remainder to go to Billy-Bobs sister, Judy.

A. Bobby-Lee now owns the fee simple title to the property, as long as he lives.

B. Once Bobby-Lee dies, Judy will own the fee simple title to the property.

C. No one will own the fee simple title to the property.