All the following statements concerning an estate for a term of years are correct EXCEPT:
A. An interest may extend beyond the lifetime of the grantor.
B. The tenant may transfer the property at the end of the term of his interest.
C. It is an interest in property established for a specific duration.
D. The tenant has the right to possess the property during the term of his interest.
Answer:B
All the following statements concerning an estate for a term of years are correct EXCEPT:
A. An interest may extend beyond the lifetime of the grantor. B. The tenant may transfer the property at the end of the term of his interest. C. It is an interest in property established for a specific duration. D. The tenant has the right to possess the property during the term of his interest.