Jamilah and Corbin share ownership of a piece of land called Blackacre.A profit of $5000 was obtained when blueberries were harvested from Blackacre.Which of the following statements is TRUE?
A) If Jamilah and Corbin are joint tenants,they must each receive $2500 from the blueberry harvest.
B) If Jamilah and Corbin are co-tenants,they must each receive $2500 from the blueberry harvest.
C) Even if Jamilah and Corbin are joint tenants,one of them may have the exclusive right to $5000 from the blueberry harvest.
D) Unless there is a contract to the contrary,the $5000 profit from the blueberry harvest belongs to the person from whom Jamilah and Corbin acquired their interests in Blackacre.
E) The profits from the blueberry harvest belong to either Jamilah or Corbin,depending upon which party individually owned the section of Blackacre that contained the blueberry patch.
Correct Answer:
Verified
Q20: Téa and David are co-tenants of Blackacre.There
Q21: Ace and Loretta were neighbours.He owned Blackacre
Q22: Qadir has the fee simple to a
Q23: Chinthaka,Karissa,and Dora are "joint tenants" of a
Q24: Teppo has the fee simple to a
Q26: Kuan-yin rented a commercial property to Roger
Q27: Darius rented a commercial building to Kylie
Q28: Pedrag has the fee simple in a
Q29: Which of the following statements is TRUE?
A)An
Q30: Ashoka has the fee simple in a
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