Property Ownership
A Michigan property owner holds a fee simple absolute estate. This means:
AThe property reverts to the state at death
BThe owner has the maximum ownership interest with no restrictions other than those imposed by law✓ Correct
CThe ownership is limited to the owner's lifetime
DThe property must be used for residential purposes only
Explanation
Fee simple absolute is the highest form of ownership in real property, giving the owner complete and unrestricted rights to use, sell, mortgage, or transfer the property, subject only to government powers.
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