Ian and Jackie take title to a drive-through Koffee Kiosk in such a way that if one dies,the other will be the sole owner.Ian and Jackie own the kiosk as
A)co-owners in fee simple.
B)joint tenants.
C)tenants by the entirety.
D)tenants in common.

Question

Quizplus · Accepted Answer

The fact that if one owner dies, the other owner will be the sole owner indicates that Ian and Jackie hold title as joint tenants. Joint tenancy requires equal shares, the right of survivorship (which means when one joint tenant dies, their share automatically passes to the surviving joint tenant), and unity of time, title, interest, and possession. Co-owners in fee simple, tenants by the entirety, and tenants in common do not have the right of survivorship.

Ian and Jackie Take Title to a Drive-Through Koffee Kiosk