Fee simple absolute is a (n):

a. ownership interest in land in which the owner has the greatest possible aggregation of rights and privileges.

b. interest in land that exists only for the life of the person.

c. future nonpossessory interest in real estate.

Question

Denise

Social Studies

11 September, 15:57

Fee simple absolute is a (n):

a. ownership interest in land in which the owner has the greatest possible aggregation of rights and privileges.

b. interest in land that exists only for the life of the person.

c. future nonpossessory interest in real estate.

+1

Answers (1)

Know the Answer?

Ripley · Answer 1

A). Ownership interest in land in which the owner has the greatest possible aggregation of rights and privileges.

Explanation:

Fee simple absolute also known as Fee simple in law is demonstrated as the absolute or freehold rights over the possession or use of land in any manner as desired by the owner (sale, present (as gift), etc.). As per the United States law, it is also demonstrated as the highest as well as the greatest possible estate recognition of ownership interest of land in which the owner is entitle with the most considerable aggregation of privileges and rights. Thus, option A is the correct answer.

Fee simple absolute is a (n):a. ownership interest in land in which the owner has the greatest possible aggregation of rights and privileges.b. interest in land that exists only for the life of the person.c. future nonpossessory interest in real estate.

Fee simple absolute is a (n):

a. ownership interest in land in which the owner has the greatest possible aggregation of rights and privileges.

b. interest in land that exists only for the life of the person.

c. future nonpossessory interest in real estate.