Question

In: Finance

1)A lease from January 1 to January 31 is a periodic tenancy. True False 2) All...

1)A lease from January 1 to January 31 is a periodic tenancy.

True

False

2)

All fee simple estates are absolute estates that create no future interests in property.

True

False

3)

Ownership in severalty means that only one person owns the property.

True

False

4)

n the life estate of A to B for the life of X, when X dies, B owns the estate free and clear.

True

False

5)

A grant to B so long as it used for commercial purposes is an example of a fee simple subject to condition subsequent estate.

True

False

6)

A broker who does not have a contractual relationship with a party may still owe certain fiduciary duties.  

True

False

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