Question
Adam had two sons, John and Bob. Adam owned a piece of land and wanted to convey the property to his sons. Adam liked John
Adam had two sons, John and Bob. Adam owned a piece of land and wanted to convey the property to his sons. Adam liked John a lot more than he liked Bob so he deeded the property as follows, "To Bob, a 1/10 interest, and to John, a 9/10 interest, as joint tenants with the right of survivorship and not as tenants in common." John later died.
Who owns the property now? Explain.
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Fundamental financial accounting concepts
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