A property owner in California holds a fee simple absolute estate. Which of the following BEST describes the owner's rights?
Correct Answer
A) The owner has the right to possess, use, and dispose of the property for an unlimited duration
A fee simple absolute estate under California law provides the owner with the greatest possible bundle of rights: the right to possess, use, enjoy, dispose of (sell, gift, or will), and exclude others from the property. There is no time limitation on these rights, and the estate can be inherited by heirs.
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