Property OwnershipIntermediateDelaware Exam
A fee simple absolute estate in Delaware is best described as:
AOwnership limited to the life of the owner
BThe highest and most complete form of property ownership with no limitationsCorrect
COwnership subject to conditions subsequent
DOwnership shared equally among heirs
Why The highest and most complete form of property ownership with no limitations Is Correct
Answer B: The highest and most complete form of property ownership with no limitations
Fee simple absolute is the greatest estate in land, giving the owner the highest degree of ownership — the right to use, possess, exclude others, and transfer the property without limitation.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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