An interest that arises in a third party in the future is called a(n):
A) reversion.
B) remainder.
C) assignment.
D) fee simple absolute.

Name: An interest that arises in a third party in the future is called a(n): A) reversion. B) remainder. C) assignment. D) fee simple absolute.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

A remainder is a future interest that arises in a third party (someone other than the grantor) when a life estate or other temporary estate ends.

An Interest That Arises in a Third Party in the Future