Question

Virgil owns a ranch in Wyoming. His ownership rights include the right to sell or give...

Virgil owns a ranch in Wyoming. His ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if he chooses. Virgil’s ownership interest is a. a life estate. b. a leasehold estate. c. a free simple absolute. d. a profit.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans.- (C)

Fee Simple Absolute is a kind of ownership without any conditions and limitations. It is an interest that a person gets in a property that he purchases or receives as a gift from someone.

Add a comment
Know the answer?
Add Answer to:
Virgil owns a ranch in Wyoming. His ownership rights include the right to sell or give...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Carl applies for fire insurance for his house. Before the application is processed, Carl’s house burns...

    Carl applies for fire insurance for his house. Before the application is processed, Carl’s house burns down. Carl will have coverage if the insurance company Doesn’t find out about the fire until after the policy issues Chooses to accept the application Issued a binder Makes coverage retroactive Lucia had a homeowner’s insurance policy on her house. While she was away on vacation, her porch was burned to the ground. After the fire, her house was burglarized and goods worth thousands...

  • 36. Trespass to land is committed if, without the permission of the property owner, a person...

    36. Trespass to land is committed if, without the permission of the property owner, a person a. enters the property to assist someone in danger. b. causes water to back up onto the property. c. has a revocable license to come onto the property. d. all of the choices. 37. Tom and Bob are best friends and are on the school baseball team. Tom thinks Bob has great reflexes, so when he passes him in the hallway he yells, "Thank...

  • Question 1 [The Constitution] is made for people of fundamentally differing views, and the accident of...

    Question 1 [The Constitution] is made for people of fundamentally differing views, and the accident of our finding certain opinions natural and familiar or novel and even shocking ought not to conclude our judgment upon the question whether statutes embodying them conflict with the Constitution of the United States. This quote from the 1905 dissent to the Lochner v. New York decision tells us that Question 1 options: a) the Constitution contains nothing shocking. b) the divisions among people will...

  • Rush Inuit is an impulsive, fly-by-the-seat-of-his-pants kind of guy. His best friend, Stu Earley, is the...

    Rush Inuit is an impulsive, fly-by-the-seat-of-his-pants kind of guy. His best friend, Stu Earley, is the exact opposite – cautious and reluctant. The two are recent UNCG graduates who roomed together all … ahem … eight years. You know who they are even though they graduated last year because everyone on campus knows Rush and Stu – they’re legends on the social scene. To make ends meet during college, Rush and Stu organized fun trips to exciting destinations and charged...

  • do SWOT analysis. CASE 01 Mystic Monk Coffee connect . David L. Turnipseed University of South...

    do SWOT analysis. CASE 01 Mystic Monk Coffee connect . David L. Turnipseed University of South Alabama . wishing to donate to the monks' cause. Father Prior Daniel Mary did not have a great deal of experience in business matters but considered to what extent the monastery could rely on its Mystic Monk Coffee operations to fund the purchase of the ranch. If Mys- tic Monk Coffee was capable of making the vision a reality, what were the next steps...

  • Don't mind the questions in the text. showed Americ ministe comm waste crati tic 30 11...

    Don't mind the questions in the text. showed Americ ministe comm waste crati tic 30 11 International until a Tampa paper charged that CASE CASE 14.1 Blood for Sale William H. Shaw and Vincent Barry Sol Levin was a successful stockbroker in Tampa, Plasma International searched worldwide ani Florida, when he recognized the potentially profit with the advice of a qualified team of medical con able market for safe and uncontaminated blood and, sultants, did extensive testing. Eventually they found...

  • Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first...

    Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...

  • This year Evan graduated from college and took a job as a deliveryman in the city....

    This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...

  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

  • THE COMPANY: MORE POWER, INC. More Power, Inc., is a large, local retail store specializing in...

    THE COMPANY: MORE POWER, INC. More Power, Inc., is a large, local retail store specializing in the sale and service of hardware, tools, lawn and garden implements, and other materials for the home. More Power operates seven days a week, dawn to dusk. Approximately 120 employees work in distinct divisions within the store, including customer service/return desk; warehouse and delivery; service and repair; and three distinct sections focused on (1) hardware and tools, (2) lawn and garden and outdoors, and...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT