Asked by alerya jackson on May 11, 2024
Verified
Fee simple absolute ownership is
A) ownership to the greatest degree possible.
B) partial ownership.
C) ownership with limitations.
D) ownership with limited rights.
Fee Simple Absolute
Ownership rights entitling the holder to use, possess, or dispose of the property however he or she chooses during his or her lifetime.
Ownership Limitations
Restrictions or constraints on the rights of owning property, which may be imposed by law, regulations, or agreements.
Partial Ownership
Holding a fraction or a portion of the total stake or equity in a property, company, or financial asset.
- Define fee simple absolute ownership and recognize its significance.
Verified Answer
HR
Hanna RahimiMay 14, 2024
Final Answer :
A
Explanation :
Fee simple absolute ownership is the most complete form of ownership one can have, as it grants the owner the greatest degree of control over the property, including the rights to use it, sell it, or bequeath it without any limitations or conditions.
Learning Objectives
- Define fee simple absolute ownership and recognize its significance.