Property Ownership
Which of the following best describes fee simple defeasible ownership?
AOwnership that can never be transferred
BFull ownership that may be terminated if a specified condition occurs or fails to occur✓ Correct
CShared ownership between two or more parties with equal rights
DOwnership limited to a specific period of years
Explanation
Fee simple defeasible is full ownership that may be terminated upon the occurrence (or non-occurrence) of a specified condition. Examples include fee simple determinable and fee simple subject to a condition subsequent.
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