Property OwnershipIntermediateDelaware Exam
In Delaware, which estate can be lost if a specified condition occurs?
AFee simple absolute
BFee simple defeasible (conditional)Correct
CLife estate pur autre vie
DTenancy for years
Why Fee simple defeasible (conditional) Is Correct
Answer B: Fee simple defeasible (conditional)
A fee simple defeasible (also called a conditional fee) may be lost if a specified condition is violated. It includes fee simple determinable (automatic termination) and fee simple subject to condition subsequent (reversion after court action).
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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