A husband and wife own Lot A as joint tenants and Lot B as tenants in common.The husband's will reads: "I leave Lot A to my son,John,and Lot B to my daughter,Mary." Who takes what when the husband dies?
A) The son,John,gets Lot A and the daughter,Mary,gets Lot B,just as their father wished and designated in his will.
B) Mary will get her father's interest in Lot B,but John will get no interest in Lot A.
C) Mary will get all of Lot B but John will not get Lot A because it was co-owned with the mother in joint tenancy,so the mother takes Lot A as the surviving joint tenant.
D) Mary will get her father's interest in Lot B,but John will only get a life tenancy in Lot A.
E) John will get Lot A but Mary will not get Lot B because it was co-owned with the mother as tenants in common,so the mother takes Lot B as the other tenant in common.
Correct Answer:
Verified
Q64: A mortgagor finances the purchase of property,holds
Q66: If a person habitually crosses property over
Q67: Mr.Bucks owned a 10-hectare property in Langley.He
Q68: An option to purchase agreement is:
A)a contract
Q69: Jane had two teenage sons.Her husband died
Q74: The separation or division of joint ownership
Q75: A right of way can be acquired
Q80: A joint tenancy can be changed to
Q91: Explain what is meant by a person
Q151: When a person buys property but under
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents