Question 1 Incorrect Mark 0.00 out of 1.00 [ Question text Betsy owns Pine Inn in fee simple. Betsy executes and delivers a deed to Pine Inn with the following granting clause: "To Tony and Theresa for their joint lives and upon the death of the first of them, to the survivor, but if Thomas outlives both of them, then to Thomas." As a result of the grant, which of the following is the most accurate statement regarding the ownership rights of Pineview? Select one: F: a. Tony and Theresa are joint tenants in fee simple defeasible, and Thomas has an executory interest. C b. Tony and Theresa have a joint life estate for the life of the one who lives the longest, and Tony, Theresa, and Thomas have contingent remainders. c. Tony and Theresa are tenants in common for the life of the first of them to die, Tony and Theresa have contingent remainders in fee simple defeasible, and Thomas has an executory interest. a C. d. There is no legal difference between the results reached in alternatives A\" B., or Feedback The correct answer is: Tony and Theresa have a joint life estate for the life of the one who lives the longest, and Tony, Theresa, and Thomas have contingent remainders