Edna and Flavia buy a boat that they dock in a marina near Gulfport,Mississippi.On the death of either owner,that owner's interest in the boat passes to her heirs.This is

Question

Quizplus · Accepted Answer

In a tenancy in common, each individual owner of a property owns a specific share or interest in the property. In this scenario, Edna and Flavia each own a share in the boat and their share will pass to their individual heirs upon their death. This is different from a joint tenancy, in which the property would automatically pass to the surviving joint tenant, and a tenancy by the entirety, which is only available to married couples. Therefore, the best choice is a tenancy in common.

Edna and Flavia Buy a Boat That They Dock in a Marina