Property Ownership
What is an 'executory interest' in Rhode Island real estate law?
AA property interest that takes effect immediately
BA future property interest that divests another's estate upon the happening of a specified condition✓ Correct
CAn interest held by an executor during probate
DA life estate held by a surviving spouse
Explanation
An executory interest is a future property interest held by a third party (not the grantor) that automatically cuts short another's estate upon the happening of a specified event or condition.
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