Final answer:
The elementary school is the remainderman.
Step-by-step explanation:
The elementary school is the remainderman.
In this scenario, Teddy Jr. is the life tenant who has the right to use and possess the land during his lifetime. Upon his death, the title to the land will pass to the elementary school, which is referred to as the remainderman. The remainderman has a future interest in the property, meaning they will receive full ownership after the life estate ends.
In legal terms, the concept of life estates and remainder interests is part of property law and falls under the domain of real estate law.