An owner of a tenancy in common cannot sell his interest in the property without the consent of the other common owner

An owner of a tenancy in common cannot sell his interest in the property without the consent of the other common owner

Question 1.1. A majority of the states recognize community property. (Points : 2)
True
False

Question 2.2. An owner of a tenancy in common cannot sell his interest in the property without the consent of the other common owner(s). (Points : 2)
True
False

Question 3.3. The division of common property into separate ownerships is called partition. (Points : 2)
True
False

Question 4.4. Aaron, Bob, and Carl own property as joint tenants with right of survivorship. During the life time of all of them, Aaron sells her interest in the property to Donna. Bob then dies and wills all of his property to Frank. Who are the owners of the property after Bob’s death? (Points : 2)
Donna, Frank, and Carl
Aaron, Frank, and Carl
Donna and Carl
Carl
None of the above

Question 5.5. It is mandatory that tenants in common have equal shares. (Points : 2)
True
False

Question 6.6. Tenancy in common can be created by will only. (Points : 2)
True
False

Question 7.7. An owner of a tenancy in common can sell or mortgage his interest in the common property without the consent of the other common owner(s). (Points : 2)
True
False

Question 8.8. A spouse’s interest in a tenancy by the entirety cannot be willed but it can be inherited. (Points : 2)
True
False

Question 9.9. A common owner can waive his or her right to partition. (Points : 2)
True
False

Question 10.10. A general partnership must always have a formal written partnership agreement. (Points : 2)
True
False

……………………Answer preview……………………

Question 1.1. A majority of the states recognize community property. (Points : 2)
       False

Question 2.2. An owner of a tenancy in common cannot sell his interest in the property without the consent of the other common owner(s). (Points : 2)
       False

Question 3.3. The division of common property into separate ownerships is called partition. (Points : 2)
       True…………………………………….

APA

237 words

Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below