Property Ownership
In Tennessee, a 'reversionary interest' means the original grantor retains:
AThe right to sell the property back to the grantee
BA future interest that returns to the grantor when a prior estate terminates✓ Correct
CThe right to live on the property after conveying it
DA security interest in the property for the purchase price
Explanation
A reversionary interest is a future property interest retained by the grantor. When a grantor conveys a life estate or fee simple determinable and the prior estate terminates (the life tenant dies or the condition is violated), the property automatically reverts to the grantor (or their successors).
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