Property Ownership
A fee simple absolute estate in Vermont is:
AA limited estate with conditions
BThe highest form of ownership — absolute ownership with no restrictions other than those imposed by law✓ Correct
CAn ownership interest that expires after 99 years
DA leasehold interest in commercial property
Explanation
Fee simple absolute is the most complete form of real property ownership — the owner holds the property without limitation, subject only to government powers (taxation, eminent domain, police power) and private encumbrances.
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