Answer:
A fee simple estate is the most complete form of property ownership, which is inheritable, transferable, and without end. It contrasts with lesser estates like determinable, leasehold, life, and defeasible estates, each having specific conditions or durations. The correct multiple-choice option is all of these.
Step-by-step explanation:
A fee simple estate is the most extensive interest in real property that is available under the law, often referred to as fee simple absolute. This type of estate is inheritable, transferable, and perpetual, meaning it can be passed down to heirs, sold, or otherwise disposed of by the owner without any limitations. The terms listed in the student's question represent different types of lesser estates or interests in property:
Determinable estate (also known as fee simple determinable) is an estate that lasts until a specified event occurs. If the event occurs, the estate automatically ends and reverts to the grantor or a remainderman.
Leasehold estate is an interest in property that grants possession for a certain, definitive period of time without providing ownership.
Life estate grants an individual the right to possess and use property for the duration of their life, after which it passes to another party.
Defeasible estate (also includes determinable estate) is an estate that can be voided or can revert to another owner upon the occurrence of a certain condition. The correct multiple-choice option is all of these.