Property Ownership
In North Dakota, a 'fee simple estate' is the:
ALeast complete form of real property ownership
BMost complete form of real property ownership, with maximum rights and perpetual duration✓ Correct
CA type of leasehold interest
DAn ownership interest that expires after 100 years
Explanation
Fee simple absolute (fee simple estate) is the most complete form of real property ownership. It includes all rights in the bundle of rights, can be transferred freely during life or by will, and has no time limitations.
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