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Consider the following and identify the type of ownership: 0 Bill, Robert, and Hank are best friends, and they buy a cabin in the mountains.
Consider the following and identify the type of ownership: 0 Bill, Robert, and Hank are best friends, and they buy a cabin in the mountains. They want to make sure that when they die each will inherit the others' interest. 9 Martha and Ralph are married and have lived in an apartment for nine years. After paying down 0 some debt and saving for a down payment, they purchase a house in center city, not far from their old apartment. 9 Mary, Madeline, and Betty are sisters. They are not married but each has two children, many cousins, and nieces and nephews. They decide to purchase a beach house where they plan to hold family reunions each year, and they want to be sure that when one of them dies, that sister's interest will be inherited by her heirs. Wilbur is fond of his elderly uncle, Bill, and he transfers one of his residences to Bill. He wants Bill to be able to live on the property undis- turbed for as long as Bill lives. After Bill dies, the property is to go to Bill's son Peter
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