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vazorg [7]
2 years ago
11

Mary transferred a life estate in her home to John based on the life of Ned Green. Mary's interest in the property is known as a

(n)
Business
1 answer:
Westkost [7]2 years ago
4 0

Answer:

The correct answer will be "Reversion interest".

Explanation:

  • Reversionary interest seems to be an individual's involvement in something like an asset that whenever a prior estate continues to function. It indicates any desire that is deferred to something like the pleasure of.
  • It generally means after enough duration either on a particular arrangement, the charity's grantor seems to have an intention of having again an exchanged asset.
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