Question

Kay possesses a city block in Los Angeles. Kay has the right to use the property, as she sees fit, subject to local laws. Kay can lease the property, or dispose of it by selling or giving it away or letting it pass on her death to her heirs. This ownership interest is
a. a fee simple absolute.
b. a leasehold estate.
c. a life estate.
d. the power of eminent domain.

Answer

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