Property that is acquired by the personal efforts of either spouse during marriage and which, by law in some states, belongs to both spouses equally is
A) community property.
B) jointly owned property.
C) probate property.
D) severally owned property.

Question

Quizplus · Accepted Answer

Community property is a term used in some states to describe property that is considered to be equally owned by both spouses. This includes property that is acquired by either spouse through personal effort during the marriage. In community property states, any property acquired during marriage is presumed to be community property unless proven otherwise. This means that both spouses have an equal right to the property and must both agree to any disposition of that property, such as selling or transferring it.

Property That Is Acquired by the Personal Efforts of Either