Antonio is the owner of a lake-side house and lot he deeds, Operation Management

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Antonio is the owner of a lake-side house and lot he deeds

Antonio is the owner of a lake-side house and lot. He deeds the house and lot “to my wife, Angela, for life, then to my son, Charles.” Given these facts, answer the following questions:

1. Does Antonio have any ownership interest in the lakeside house after making these transfers? Explain.

2. What is Angela’s interest called? Is there any limitation on her rights to use the property as she wishes?

3. What is Charles’s interest called? Why?

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Operation Management: Antonio is the owner of a lake-side house and lot he deeds

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Operation Management: Antonio is the owner of a lake-side house and lot he deeds

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