Property Ownership
The term 'fee simple absolute' describes:
AA life estate limited to the owner's lifetime
BThe most complete form of ownership — unlimited duration with the right to sell, lease, or devise✓ Correct
COwnership shared equally between two or more persons
DAn interest conditioned on specific use of the property
Explanation
Fee simple absolute is the highest form of property ownership, providing the owner with unlimited rights to use, sell, mortgage, lease, or devise the property, subject only to governmental limitations.
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