Fergie and Gus buy a cabin in the Smoky Mountains near Gatlinburg, Tennessee. On the death of either owner, that owner's interest in the cabin passes to the surviving owner. This is

Question

Quizplus · Accepted Answer

A joint tenancy is a form of co-ownership where each owner has an equal undivided interest in the property and the right of survivorship. This means that if one owner dies, the other owner automatically inherits their share of the property. This is consistent with the scenario described in the question, where the cabin ownership passes to the surviving owner upon the death of either owner.

Fergie and Gus Buy a Cabin in the Smoky Mountains