Example of what type of ownership, Financial Management

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Example of what type of ownership

1. Bob received an inheritance from his grandfather of 20 acres of land. He is trying to decide if he should develop the land, sell it, or just keep it as is. His lawyer told him he is free to do whatever he wants. This is an example of what type of ownership estate?

A. tenancy for years

B. legal life estate with remainder interest

C. ordinary life estate with remainder interest

D. fee simple absolute

2. Which of the following is NOT a non-possessory interest in real property?

A. an easement

B. a lien

C. a restrictive

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