Jack and Betsy co-own a small stable. When Betsy dies, her interest in the stable passes to Jack and not to Betsy's heirs. Jack and Betsy must have owned the stable in

Question

Quizplus · Accepted Answer

The key feature of joint tenancy is the right of survivorship, which means that when one owner dies, their interest in the property automatically passes to the surviving owner(s), not to the deceased's heirs or through their will. This is what happened between Jack and Betsy, indicating they owned the stable in joint tenancy.

Jack and Betsy Co-Own a Small Stable