On December 1, 2020, Tyrone, Ned, and Arlen were deeded a piece of land as tenants in common. The deed provided that Tyrone owned 1/2 the property and Ned and Arlen owned 1/4 each. If Arlen dies, who owns what and how much?
A) Tyrone 1/2, Ned 1/4, Arlen's heirs 1/4
B) Tyrone 1/3, Ned 1/3, Arlen's heirs 1/3
C) Tyrone 5/8, Ned 3/8
D) Tyrone 1/2, Ned 1/2
Correct Answer:
Verified
Q66: Which of the following is required for
Q67: A, B, C, D - tenants in
Q68: A, B, C, and D are tenants
Q69: A, B, C, and D are tenants
Q70: The presence of legal counsel for both
Q72: Steve, Rob, and Charley own a building
Q73: Roy Bean and Alvira Jones are tenants
Q74: In 1951, Margaret, Julia, May, and Jennie
Q75: In 1995, Edna R. Murphy executed a
Q76: William and Cynthia agreed, through a written
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents