By will, Calhoun devises (gives in his will) his property to his daughter, Mary Calhoun, for the duration of her life (a life es
tate) and at her death to "her children." At her fathers death, Mary, 30 years of age and childless, sells the property outright ("fee simple estate"). The deed transferring the title to a new owner Davis is:__________.
The deed transferring the title to Davis is Invalid.
Explanation:
In the will written by Calhoun, Mary is entitled to the property for the duration of her life, after which the property is expected to be passed along, thus any deed from Mary to the new buyer in a fee simple estate manner will be invalid. She does not have the right to outrightly sell the land because she is just 30 and can still bear children. The property is expected to belong to them and they are the only ones who can sell the property outrightly in this case.
Capital is the other name of the type of money described as when <span>Southerners were unwilling to sell slaves to raise funds to build factories, they had no money to invest in businesses.</span>
