Haseena grants a life estate to John. John owns the estate until he dies. Haseena designated that after John's death, the estate would pass to Hila (a third party). What can Hila be described as? the reversionary interest the remainderman the conditional heir the determinable grantor

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Haseena grants a life estate to John. John owns the estate until
he dies. Haseena designated that after John's death, the estate
would pass to Hila (a third party). What can Hila be described
as?
the reversionary interest
the remainderman
the conditional heir
the determinable grantor
Transcribed Image Text:Haseena grants a life estate to John. John owns the estate until he dies. Haseena designated that after John's death, the estate would pass to Hila (a third party). What can Hila be described as? the reversionary interest the remainderman the conditional heir the determinable grantor
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