Which type of estate may be divested on the occurrence of a specified event?

The correct answer is Fee simple defeasible, which refers to a type of estate in real property that may be terminated or "divested" upon the occurrence of a specific event or condition. This means that the ownership is granted under certain restrictions or stipulations, and if these conditions are violated or an event occurs that contradicts the terms, the estate may revert back to the grantor or be transferred to another party.

In contrast, fee simple absolute represents the highest form of property ownership without any conditions or limitations. It cannot be divested or terminated, as there are no specified events tied to its existence.

A fee simple executory also involves conditions but is fundamentally different because it automatically transfers to a third party upon the occurrence of a specified event rather than reverting back to the original grantor. It does not fit the criteria of having the potential to be terminated in a way that directly relates to the holder of the estate.

Lastly, a life estate grants ownership for the duration of an individual's life, and it is not subject to being divested based on the occurrence of an event. The termination of a life estate occurs automatically when the individual passes away, but this is not characterized as a 'divesting' based on specified future events in the same