Question
Bill and Hillary, husband and wife, acquired title to OzarkAcre in 1996 as joint tenants, with rights of survivorship. In 1998, Bill executed and delivered
Bill and Hillary, husband and wife, acquired title to OzarkAcre in 1996 as "joint tenants, with rights of survivorship." In 1998, Bill executed and delivered a deed to Monica (his close friend), conveying to her all of Bill's interest in OzarkAcre. Monica promptly recorded the deed in the appropriate county records office shortly after receiving it. In 2002, Bill died, leaving a will that devised all of his assets to his daughter, Chelsea. To help pay for Bill's funeral, Hillary sold all of her interest in OzarkAcre to Barack in 2003. As of 2004, which of the following most accurately describes the state of title to OzarkAcre? Group of answer choices
a. Chelsea and Barack hold title to OzarkAcre as tenants in common.
b. Monica and Chelsea hold title to OzarkAcre as tenants in common.
c. Monica and Barack hold title to OzarkAcre as tenants in common.
d. Barack holds title to OzarkAcre in fee simple absolute.
e. Chelsea and Barack hold title to OzarkAcre as joint tenants.
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