Question

In: Operations Management

An estate is transferred with the stipulation that alcohol will never be consumed on the premises...

An estate is transferred with the stipulation that alcohol will never be consumed on the premises or the seller will take back the property. This kind of estate is a

fee simple absolute.

pur autre vie.

conventional remainder.

fee simple defeasible.

If a life tenant purposely damages or misuses a property it is known as what?

Pillage

An act of contempt

Vandalism

An act of waste

Solutions

Expert Solution

1 fee simple defeasible

This is an interest in real property that may come to an end if any particular event is happened. For an example if it is determined that the alcohol will not be consumed and if alcohol is consumed then the seller will take back the property

2 An act of waste

Act of waste is when a tenant purposely damages or misuses a property


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