Name the type of ownership described in each of the following situations and explain your reasoning. The possibilities are:

• Fee simple absolute
• Fee simple defeasible
• Life estate
• Reverse mortgage
• Tenancy in common
• Joint tenancy

1. Carl Fredricksen's beloved wife Ellie has just passed away. While he is grieving her, a construction company that is developing the land around his property offers to purchase his house and the land on which his house sits. Carl agrees to sell his house and the land on which his house sits to the construction company in consideration for a one-way ticket to Paradise Falls. Describe how the construction company owns the house and the land on which the house sits.
2. Carl Fredricksen's beloved wife Ellie has just passed away. While he is grieving her, a construction company that is developing the land around his property offers to purchase his house and the land on which his house sits. Carl agrees to sell his house and the land on which his house sits to the construction company in consideration for the right to live in the house for the rest of his life. Describe Carl's interest in the house and the land on which the house sits.
3. Carl Fredricksen's beloved wife Ellie has just passed away. While he is grieving her, a construction company that is developing the land around his property offers to purchase his house and the land on which his house sits. Carl agrees to sell his house and the land on which his house sits to the construction company on the condition that any building located on the land must sell helium balloons. Describe how the construction company owns the house and the land on which the house sits.
4. Carl and Ellie were unable to have children, and Carl has no close relatives. Carl knows that Russell's father left Russell and his mother without any financial support. Carl, having become quite fond of Russell during their adventure to Paradise Falls, decides to give Russell a share of his house and the land on which it sits. Each of Carl and Russell will have the right to use the house and the land on which it sits as he pleases, without needing to get approval from the other.
5. Carl and Ellie were unable to have children, and Carl has no close relatives. Carl knows that Russell's father left Russell and his mother without any financial support. Carl, having become quite fond of Russell during their adventure to Paradise Falls, decides to give Russell a share of his house and the land on which it sits. Upon Carl's death, Russell will own the house and the land on which it sits in full.