In: Operations Management
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
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