Question
Victoria owns a bed and breakfast gifted to her by her grandparents. Victoria has the right to run the bed and breakfast and make changes
Victoria owns a bed and breakfast gifted to her by her grandparents. Victoria has the right to run the bed and breakfast and make changes as she pleases as long as she never sells alcohol. This is known as what type of estate?
Multiple Choice
- Leasehold estate
- Conditional Estate
- Fee simple absolute
- Life estate
- Fee hold estate
Phil owns 150 acres in fee simple absolute. These 150 acres are known as his _____.
Multiple Choice
- interest by ownership
- estate
- interest by county
- ownership if a life estate
- leasehold
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
9781292016924
