After saving his money for years,Taylor was finally able to buy property with a small house and a lake.Which of the following is false?
A)Taylor's interest is referred to as a fee simple.
B)Taylor owns all of the area above his land and all of the land below it.
C)Taylor can sell part of his interest and create a joint tenancy.
D)Taylor's ownership extends to include "fixtures."
E)Despite the extent of Taylor's interest,the Crown can grant the mineral rights to someone else.

Question

Quizplus · Accepted Answer

Taylor does not own all of the area above his land and all of the land below it; there are limitations, such as airspace rights and subsurface rights, which can be regulated or owned by others, including the government.

After Saving His Money for Years,Taylor Was Finally Able to Buy