Final answer:
A life estate is a property interest limited to a person's lifetime, not conveying the full bundle of rights since it cannot be sold or bequeathed and reverts to another upon the holder's death.
Step-by-step explanation:
The statement that a life estate doesn't convey the whole bundle of rights is true. A life estate is a type of property ownership that is limited to a person's lifetime. Upon the death of the individual holding the life estate, the property passes to the remainderman, the person who will gain the full ownership rights, or reverts back to the original owner if no remainderman is designated. The life tenant, the person who holds the life estate, does not have the full bundle of rights because they cannot sell or bequeath the property; they are limited to use and enjoyment during their lifetime. They must also ensure that their use does not devalue the property for future owners.