Under this type of property ownership, a husband and wife hold title as joint tenants, and neither has a share of the land, but both hold the entire land as one individual owner.
A) Tenancy in partnership
B) Joint tenancy
C) Tenancy by the entirety
D) Tenancy in common
Correct Answer:
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Q20: The legal name for an item of
Q21: A testamentary disposition is a
A) living trust.
B)
Q22: A pay-on-death (POD) account is also called
Q23: An ownership interest in property (an estate)
Q24: Property that is acquired by the personal
Q25: A living trust is also know as
Q26: Probate property typically includes the following:
A) Property
Q28: Two or more persons who own an
Q29: To determine equitable distribution of community property,
Q30: Nonprobate property includes
A) jointly owned property.
B) community
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