Property Ownership
In Vermont, a 'fee simple defeasible' estate means:
AAbsolute ownership with no conditions
BOwnership that may be defeated or terminated if a specified condition occurs✓ Correct
CA life estate limited to a specific beneficiary
DOwnership that automatically converts to a lease
Explanation
A fee simple defeasible is an ownership interest that may be terminated if a specified condition is violated (fee simple determinable) or if a grantor exercises their right to re-enter (fee simple subject to condition subsequent).
Related Vermont Property Ownership Questions
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