Question
1. George and his friend Paul bought a condo together as an investment. George needs the money and wants to sell it now, but Paul
1. George and his friend Paul bought a condo together as an investment. George needs the money and wants to sell it now, but Paul refuses. If George wants to make Paul sell, what specific legal action must he take?
2. Why/when does real property escheat to the state?
3.. You and your best friend decide to buy an investment property together. You can take title as joint tenants or tenants in common. Which would you choose and why? Describe 2 different advantages or disadvantages for choosing the two ways to vest (do not use the same concept, i.e., I dont want to buy a wool sweater because its itchy, but I will buy a cotton sweater because its not itchy its the same fundamental reason, comfort/ itchiness!) (up to 2 points).
4. Mary, Beth, and Ali own 123 Jones Street as joint tenants. Mary just sold her share to Kevin. How is title vested by the owners after the sale?
5. Give an example of concurrent ownership vesting.
6. Would a custom-made pool cover for an irregularly shaped pool be considered real or personal property? Explain your reasoning using the fixture test
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started