Detailed Answer
(b) A tenancy by default is not one of the recognized
interests in real estate. Answer (a) is incorrect because a fee simple
absolute is the highest estate recognized in American law.
Answer (c) is incorrect because a life interest is an interest measured
by the life of the holder or some other person. Answer (d)
is incorrect because a remainder is the future interest that a third
party acquires after the interest of a transferee terminates.