Asked by
Joshua Broida
on Nov 21, 2024Verified
If Walanda and Hassem own property together in equal shares, and upon Walanda's death the property goes to Hassem, this is an example of ________.
A) joint tenancy
B) conjoined tenancy
C) tenancy in common
D) life estate
E) split tenancy
Joint Tenancy
A form of co-ownership where property is owned by two or more parties with equal rights to the whole property, and with the right of survivorship.
Tenancy In Common
A type of co-ownership in which each owner has the right to sell his or her interest without the consent of the other owners, may own an unequal share of the property, and may have a creditor attach his or her interest.
- Comprehend the principles of joint tenancy and the mechanics of property ownership among both spouses and joint proprietors.
Verified Answer
CP
Learning Objectives
- Comprehend the principles of joint tenancy and the mechanics of property ownership among both spouses and joint proprietors.