Author Question: Discuss brownfields and their effect.[br][br][b][color=gray]Question 2[/color][/b][br][br]In 1951, ... (Read 45 times)

dmcintosh

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Discuss brownfields and their effect.

Question 2

In 1951, Margaret, Julia, May, and Jennie Hasselman (collectively, the Hasselman Women) acquired by intestate succession an undivided one-half interest in the surface and mineral rights of a 160-acre tract of land in San Juan County, New Mexico (the Property). On April 26, 1951, the Hasselman Women conveyed their entire interest in the Property to May's husband. Immediately thereafter, May's husband conveyed the Property back to the Hasselman Women as joint tenants. The language of the deed from May's husband to the Hasselman Women explicitly stated: Not in tenancy in common but in joint tenancy. May died in November 1962. Julia died in November 1973. Margaret died in May 1974. In September 1981, Jennie executed a warranty deed conveying an undivided one-half interest in the property to herself and her daughter, June, as joint tenants. Who owns the Property now?
 A) Jennie owns a full one-half interest in the Property
 B) Jennie and June own a full one-half interest in the Property as joint tenants
 C) Jennie and June own a full one-half interest in the Property as tenants in common
 D) Jennie and June each own a 1/8th interest in the property and May, Julia and Margaret's heirs each own a 1/4 interest



bpool94

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Answer to Question 1

Brownfields are Superfund sites that lie fallow because no one will develop them. There are special funds available for their redevelopment.

Answer to Question 2

C



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