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Richard Small has three children: Mary, age 24; Martha, age 22; and Larry, age 20. Mr. Small recently created a deed (a document transferring ownership

Richard Small has three children: Mary, age 24; Martha, age 22; and Larry, age 20. Mr. Small recently created a deed (a document transferring ownership of real property), which stated, "I convey Blackacre (located in Fort Pierce, Florida) to my children equally." Who are the owners of Blackacre and what type of ownership exists? Explain your answers.

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