Property Ownership

In Rhode Island, 'fee simple absolute' is:

AOwnership for a limited period
BThe most complete form of ownership, unlimited in duration and freely transferable✓ Correct
COwnership subject to a life estate
DOwnership held by a married couple only

Explanation

Fee simple absolute is the highest and most complete form of real property ownership. It is of unlimited duration, freely transferable, and not subject to any condition or limitation other than those imposed by law.

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