Which of the following interests in property is held by a person who is granted a lifetime use of a property that will be transferred to a third party upon the death of the lifetime user?
A. A life estate
B. A remainder estate
C. An estate for years
D. A reversionary estate
Answer:A
Which of the following interests in property is held by a person who is granted a lifetime use of a property that will be transferred to a third party upon the death of the lifetime user?
A. A life estate B. A remainder estate C. An estate for years D. A reversionary estate