Property Ownership
A deed that conveys property 'to John Smith for life, then to Mary Jones' creates what type of interest for Mary Jones?
AA reversionary interest
BA remainder interest✓ Correct
CA life estate pur autre vie
DA fee simple defeasible
Explanation
Mary Jones holds a remainder interest — the right to receive full ownership of the property when the life estate ends (upon John Smith's death). A remainderman's interest vests automatically upon the life tenant's death.
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