Asked by Sylvia Joseph on Jun 12, 2024
Verified
Bob and his sister, Claudia, can NOT own property by:
A) a tenancy by the entireties.
B) tenancy in common.
C) joint tenancy.
D) They can own property in any of these ways.
Tenancy by the Entireties
A form of joint property ownership available only to married couples, where both own the entire property and one cannot dispose of their share without the other's consent.
Tenancy in Common
A form of co-ownership where each owner possesses a specific fraction of the property and can transfer their share independently.
Joint Tenancy
A form of property ownership where two or more individuals hold equal ownership rights and where the survivor(s) inherit(s) the other's share automatically upon death.
- Acquire knowledge on the concept of joint ownership of property and identify the distinctions among its types.
Verified Answer
MG
Maribel GaytanJun 14, 2024
Final Answer :
A
Explanation :
A tenancy by the entireties is a form of ownership that can only exist between married couples, making it impossible for siblings like Bob and Claudia to own property in this manner.
Learning Objectives
- Acquire knowledge on the concept of joint ownership of property and identify the distinctions among its types.