T.J.owns a red sports car.T.J.can use the car as he wishes and he can also dispose of it if he wishes.When T.J.dies,the car will descend to his son.T.J.is an owner in

Question

Quizplus · Accepted Answer

In a fee simple ownership, the owner has complete control over the property during their lifetime and can dispose of it as they wish. Upon their death, the property will descend to their heirs. This is consistent with the scenario provided in the question where T.J. owns a sports car that he can use and dispose of as he wishes, and upon his death, it will go to his son. None of the other options accurately reflect the ownership arrangement described in the question. Joint tenancy implies that there are multiple owners with equal shares, while tenancy in common suggests that ownership is divided among multiple owners with different shares. A community property state refers to a legal designation in certain states under which assets acquired during a marriage are considered jointly owned, which is not applicable to the scenario provided in the question.

TJOwns a Red Sports Car