Author Question: After marriage, Larry joined Sharon in the home she had owned before she married him seven years ... (Read 378 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
After marriage, Larry joined Sharon in the home she had owned before she married him seven years ago. The down payment was made from a gift to Sharon from her grandparents. They are now divorcing, and plan on selling the house. Sharon wants the larger portion of profits from the sale to cover the down payment her grandparents gave to her. Is she entitled to reimbursement for the down payment?
 
  a. Yes, because all gifts given after marriage are automatically separate property.
  b. Yes, if we can trace it back to the initial gift made to her prior to marriage.
  c. No, because Larry said he believed it was a wedding gift to both of them.
  d. No, because once married, all separate property automatically transmutes into marital property.

Question 2

Joint tenancy is similar to_______ ownership, because it carries the right of survivorship.
 
  a. Concurrent
  b. Community property
  c. Marital property
  d. Tenancy by the entirety



amit

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library