Property Ownership
In New York, a 'fee simple absolute' estate is:
AOwnership subject to a condition that, if breached, terminates the estate
BThe most complete form of ownership, unrestricted and inheritable✓ Correct
COwnership for the life of the grantee only
DA leasehold estate of unlimited duration
Explanation
Fee simple absolute is the highest form of property ownership, conveying complete, unconditional ownership that is freely transferable and inheritable, subject only to government powers (taxation, eminent domain, police power, escheat).
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