Fact Pattern 22-1
Virgil owns a ranch in Wyoming.His ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if he chooses.
-Refer to Fact Pattern 22-1.Virgil's ownership interest is
A)a free simple absolute.
B)a leasehold estate.
C)a life estate.
D)a profit.

Question

Quizplus · Accepted Answer

Virgil's ownership interest includes the unrestricted right to sell or give away the property and the right to commit waste, which are characteristics of a fee simple absolute ownership, also known as a freehold estate. The other options do not accurately describe his ownership interest.

Fact Pattern 22-1 Virgil Owns a Ranch in Wyoming.His Ownership Rights Include the Rights