Final answer:
The two types of fee simple estate are absolute and defeasible. Fee simple absolute represents unrestricted and potentially everlasting ownership, while fee simple defeasible is conditional and can be terminated upon violation of terms.
Step-by-step explanation:
The two types of fee simple estate are a. Absolute and defeasible.
A fee simple absolute is an unrestricted ownership interest in property and is the most complete interest one can have under law. The holder of a fee simple absolute has rights that are unlimited in duration and can potentially last forever. In contrast, a fee simple defeasible is a type of freehold estate that carries certain conditions or stipulations. If the conditions are violated or not met, the property interest can be terminated or revert to the original grantor.