Question
6. Bob and Charles own a townhouse together and are not married. Charles contributed 30% of the purchase price and Bob contributed 70% of the
6. Bob and Charles own a townhouse together and are not married. Charles contributed 30% of the purchase price and Bob contributed 70% of the purchase price. Each of them has an equal interest in the property. Which of the following are permissible ways they could title the property? 1. Sole Ownership. 2. Tenancy in Common. 3. Joint Tenancy with Rights of Survivorship. 4. Tenancy by the Entirety.
a. | 2 only. | |
b. | 2 and 3. | |
c. | 1, 3 and 4. | |
d. | 2 ,3 and 4. |
9. A tenancy by the entirety is a property titling regime that exists between?
a. | Spouses only. | |
b. | Spouses or between parents and adult children. | |
c. | Any members of the same family. | |
d. | Any two individuals. |
10. Four people own one piece of property. Which of the following forms of property ownership titling of those listed must they use?
a. | Life estate. | |
b. | Tenancy by the entirety. | |
c. | Community property. | |
d. | Tenancy in common. |
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