Asked by Ronisha Simon on Sep 30, 2024
Verified
Green and Nunn own a 40-acre parcel of land as joint tenants with the right of survivorship.Nunn wishes to sell the land to Ink.If Nunn alone executes and delivers a deed to Ink,what will be the result?
A) Green will retain a 1/2 undivided interest in the 40-acre parcel,and will be unable to set aside Nunn's conveyance to Ink.
B) Ink will obtain an interest in 1/2 of the parcel,or 20 acres.
C) Ink will share ownership of the 40 acres with Green as a joint tenant with a right of survivorship.
D) The conveyance will be invalid because Green did not sign the deed.
Right of Survivorship
A legal principle in real estate that allows property to automatically pass to the surviving owner(s) upon the death of another owner.
Joint Tenants
Property owners holding property under joint tenancy, where each has an equal and undivided right to keep or dispose of the property.
Undivided Interest
Ownership rights in a property shared by all co-owners, without any designated portion belonging to any one owner.
- Comprehend the process and implications of transferring property interests, including through deeds and inheritance.
Verified Answer
VP
Vaibhav Patilabout 3 hours ago
Final Answer :
A
Explanation :
When a joint tenant transfers her interest,the joint tenancy is severed and a tenancy in common is created as to the share affected by the transaction.
Learning Objectives
- Comprehend the process and implications of transferring property interests, including through deeds and inheritance.