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krek1111 [17]
1 year ago
5

creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is

transferred to adam. adam claims he has a fee simple absolute, but creden says it is a life estate because they agreed that he could only have it until he died. what type of estate does adam own?
Business
1 answer:
Pepsi [2]1 year ago
3 0

In a case whereby creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is transferred to adam, the type of estate does adam own is A life estate, if that is what they agreed upon.

<h3>What is a life estate?</h3>

A life estate can be described as the estate that is been created by a deed that gives the land to the person "for life.

It should be noted that in this type of estate then there is usually the identification of what should happen to it after that person dies.

Therefore, the second option is correct.

Learn more about estate here: brainly.com/question/886326

#SPJ1

missing options:

A conditional estate, since there is a discrepancy.

A life estate, if that is what they agreed upon.

Fee simple absolute is presumed, since the deed does not state otherwise.

Either a fee simple absolute or a life estate.

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