Law of Contracts Level 5: Updated A+ Score Guide

allodial system (Ans- system of ownership in which land is owned completely, without an obligation of services or duties to another conventional life estate (Ans- a type of freehold life estate created by a deed or will that lasts for the duration of the tenant's life deed restriction (Ans- a provision in a deed that restricts the land use of a property defeasible fee estate (Ans- also known as fee simple defeasible or qualified fee, is a type of freehold estate in which the person who has possession of the property is only able to hold the property until an event takes place or does not occur; two common defeasible fee estates are fee simple determinable and fee simple subject to condition subsequent easement (Ans- an interest in, or a right to use, another individual's land or property, generally for a specific, limited purpose eminent domain (Ans- the power of the government or a public entity to take private property for public use withou