Property Ownership
A Minnesota property is conveyed 'to John Smith for life, then to Jane Smith.' Jane Smith's interest is called a:
ALife estate
BRemainder interest✓ Correct
CReversion
DFee simple defeasible
Explanation
Jane Smith's interest is a remainder - a future interest that becomes possessory when John Smith's life estate ends. If Jane is specifically named, she is a remainderman.
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