Which two estates can exist as legal estates in land under section 1(1) of the Law of Property Act 1925?
Answer and explanation
Correct answer: D. The fee simple absolute in possession and the term of years absolute
- Step 1: Section 1(1) limits legal estates to two.
- Step 2: All other estates and interests in land can exist only in equity.
Answer
The fee simple absolute in possession and the term of years absolute.
Why not the others: A life interest, fee tail, or determinable fee can exist only in equity.
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