A(n)____________ is "an interest in land which (a)is or may become possessory and (b)
Is ownership measured in terms of duration."
A)deed
B)property
C)estate
D)holding
E)none of the other choices are correct

Question

Quizplus · Accepted Answer

An estate is a legal term that describes the ownership or interest one has in a piece of real property. It implies ownership, as well as an interest in the rights associated with that ownership, such as the right to use the property, the right to transfer ownership, and the right to lease or rent the property, among others. It is measured in terms of duration, meaning that it can be temporary or permanent. A deed is a legal document that transfers ownership, but it is not a type of interest in land. Property and holding are too vague and do not specifically refer to an interest in land.

A(n)____________ Is "An Interest in Land Which (A)is or May