RPL-Chapter 5: Types of Ownership - Topic: Concurrent Ownership - 15 points This assignment contributes to the following Basic and Advanced Learning Objectives for this Module Compare 3 forms of concurrent ownership: joint tenancy with right of survivorship (JTWROS), tenancy by the entireties, and tenancy in common. Examine a case problem to determine the type of concurrent ownership that applies and identify the consequences for the parties. Before completing this assignment, you should have completed the quizzes for this Module. Review pages 154-166 of the textbook and read Bryant v. Bryant, which is posted to the D2L Content section. In Bryant, the Tennessee Supreme Court adopted the rule given in your textbook that a joint tenancy with the right of survivorship may be severed by the unilateral action of one of the co- tenants. Part 1: Identify and Apply, What if, instead of conveying the property to herself and her son as JTWROS, Ms. Bryant had remarried and conveyed the property to herself and her second husband as tenancy by the entireties? Then, just as in this case, she later executed a deed conveying her interest in the property to her grandson. What effect does the deed to her grandson have on the ownership of the property? Explain. Define Tenancy by the Entireties: Explain what effect this has on the deed to her grandson. Part 2: Identify and Apply. What if, instead of conveying the property to herself and her son as JTWROS, Ms. Bryant had created a tenancy in common between herself and her son? Then, just as in this case, she later executed a deed conveying her interest in the property to her grandson. What effect does the deed to her grandson have on the ownership of the property? Explain. Define Tenancy in Common: Explain what effect this has on the deed to her grandson. Part 3: Consequences and Implications. In the assigned case, the majority of the Court explained its rationale, and the dissenting justice explained hers. In the majority opinion, the Court stated, "[t]here is perhaps no area of the law in which predictability and consistency are more important than property law." Likewise, experts often observe that property rights must be clear and that if rules about the use or transfer of property are not clear, it will lead to disputes, which will impede both development and marketability. As someone who has or may invest in real estate, which of these rationales, the majority or the dissent, provides you with the clarity you need to feel confident about your investment in the real estate market? Use the facts of this case to illustrate your position. Write your answer here: