A form of property ownership in which the parties have equal shares which were created at the same time and which pass automatically to the survivor on the death of one of the parties is known as:

Question

Quizplus · Accepted Answer

This is the definition of joint tenancy. Both parties have equal ownership and upon the death of one party, the ownership automatically passes to the surviving party. Tenancy in common also involves equal ownership, but there is no automatic transfer to the surviving owner. Unity of ownership and common ownership are not specific forms of ownership.

A Form of Property Ownership in Which the Parties Have