Consider the following and identify the type of ownership

ASSI Consider the following and identify the type of ownership: 1 Bill, Robert, and Hank are best friends, and they buy a cabin in the mountains. They want to cousins, and nieces and nephews. They decide make sure that when they die each will inherit to purchase a beach house where they plan to the others' interest. hold family reunions each year, and they want to be sure that when one of them dies, that sister's 2 Martha and Ralph are married and have lived in interest will be inherited by her heirs. an apartment for nine years. After paying down 4 some debt and saving for a down payment, they Wilbur is fond of his elderly uncle, Bill, and he purchase a house in center city, not far from transfers one of his residences to Bill. He wants their old apartment. Bill to be able to live on the property undis- Mary, Madeline, and Betty are sisters. They are turbed for as long as Bill lives. After Bill dies, the 3 not married but each has two children, many property is to go to Bill's son Peter