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1. Compare and contrast the four types of concurrent ownership of real estate. How do they treat inheritance issues? 2. Bob lives next to Sally.
1. Compare and contrast the four types of concurrent ownership of real estate. How do they treat inheritance issues? 2. Bob lives next to Sally. Bob recently had survey done and discovered his survey excludes a silver of land between his and Sally's properties that he always believes he owned. Sally doesn't claim to own the silver of land, but she hesitates to deed the silver of land to Bob because she doesn't want to warrant the title to the portion in dispute. How can she satisfy Bob's request for a deed yet still avoid the warranting title? 3. If the remedy of specific performance is granted in litigation over a contract to purchase real estate what will happen? 4. John is renting a home for Sam, but the furnace is broken and has been for the last 3 months. Sam refuses to pay to have it fixed. It's January, John refuses to pay his rent and Sam tries to evict him. What will be the result? 5. Carol and Jeff have a son, Michael. Carol and Jeff get divorced. Carol marries Ben. Carol and Ben have two children, Betty and Jacob. Carol and Ben die. Several years later Betty dies intestate, survived only by Jacob and her half brother Michael. How does Betty's interstate estate pass. Explain? 6. Alan creates a trust and names Betty and Cassie has beneficiaries. The trust property is $250,000. Allen's account, Amy, is the trustee. The trust is in writing. Alan reserves all powers to administer the trust for himself and intends to transfer the duties to Amy later. Is a trust created? Explain? 7. Bill and Anne are married. If they want to ensure that their home conveys to the surviving spouse without probate if one dies, what is the best method of home ownership for them? Explain
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