Property Ownership
A life estate in Oregon gives the life tenant the right to:
AOwn the property forever and pass it to heirs
BPossess and use the property during the measuring life — after which ownership passes to the remainderman✓ Correct
CSell the property and keep all proceeds
DMortgage the property to the full fee simple value
Explanation
A life estate gives the life tenant the right to possess and use the property for the duration of the measuring life (usually the life tenant's own life). The life tenant may not commit waste (actions that permanently damage the property to the detriment of the remainderman).
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