FINAL EXAM PT2 Questions 100% Solved.
The most common legal description used in the eastern United States, including Pennsylvania, is
known as what? - answermetes and bounds method
Which legal description is used in the majority of the United States, primarily in the Midwestern
states? - answer...
When the reversion is based upon someone's life other than the life tenant, it is called: -
answer✔Life estate pur autre vie
A designated future interest holder in a defeasible fee estate or a life estate is called: -
answer✔Remainderman
Which is the most common and preferred ownership interest which is also considered the highest
and most complete form? - answer✔Fee Simple
Mike sells his investment property to his aging uncle Joe to help him move back in to the area.
Shayla, Joe's daughter, is the devisee nominated in his will and acts as his caretaker for the rest
of his remaining life. Joe passes away and when the deed is reviewed, Shayla learns she has no
ownership rights to her fathers house. Instead, Mike informs her he is now the rightful owner.
What type of estate would Joe have received when he bought the house from Mike? -
answer✔Ordinary Life Estate
Mike sells his investment property to his aging uncle Joe to help him move back in to the area.
Shayla, Joe's daughter, is the devisee nominated in his will and acts as his caretaker for the rest
of his remaining life. Suddenly, Mike passes away in a car accident. Landon, Mike's Son, goes to
Joe and informs him that he is no longer the owner of the property that he resides in. What type
of estate would Joe have received when he bought the house from Mike? - answer✔Life Estate
Pur Autre Vie
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