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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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