Ethan owns stock in Fast Burgers, Inc. He sells one-third of the shares and buys stock in

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Ethan owns stock in Fast Burgers, Inc. He sells one-third of the shares and buys stock in Good Brew Corporation with the proceeds. On his death, his stock in the two companies will pass to his heirs. Ethan owns the stock as

a. a concurrent owner.

b. a joint tenant.

c. a tenant in common.

d. an owner in fee simple.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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