Property Ownership
In Minnesota, a fee simple absolute estate is best described as:
AOwnership with limitations imposed by the grantor
BThe highest form of ownership—complete, unconditional, and inheritable✓ Correct
COwnership limited to 99 years by state law
DOwnership shared equally between husband and wife
Explanation
Fee simple absolute is the highest form of real property ownership in Minnesota. It is complete, unconditional, inheritable, and freely transferable. The owner has the full bundle of rights: possess, use, enjoy, encumber, and transfer.
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