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1) Which of the following scenarios is an example of fee simple ownership? a.) Josh and his partner co-own a brokerage account, where if one

1) Which of the following scenarios is an example of fee simple ownership?

  • a.) Josh and his partner co-own a brokerage account, where if one of them dies, the other automatically gets ownership of the account.
  • b.) Siblings Sarah and Mike own the family restaurant, where Sarah has a 60% ownership and Mike has 40%.
  • c.) Drake requires his wife Jane's legal consent when deciding to sell the house they own.
  • d.) Tre is the sole owner of the house that he shares with his wife and kids.

2) Which of the following is a feature of a will?

  • a.) A will is acceptable only if it is handwritten.
  • b.) The beneficiaries should witness the signing of the will.
  • c.) A will is valid only if it has the drafter's signature.
  • d.) An individual should be of sound mind to make a will.

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