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Author Question: Discuss the differences and similarities between a life estate and a fee simple ... (Read 83 times)

nelaaney

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on: Jun 24, 2018
Discuss the differences and similarities between a life estate and a fee simple absolute.

Question 2

A nonnegotiable instrument's terms are not enforceable.
  Indicate whether the statement is true or false


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gabrielle_lawrence

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Life estate - transferable
noninheritable

use restrictions

freehold

Fee simple - transferable

inheritable

no use restrictions

freehold

Answer to Question 2

FALSE


nelaaney

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

raili21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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