This topic contains a solution. Click here to go to the answer

Author Question: Sandra and Joe own a hobby farm as tenants in common. They also own a vacation home as joint ... (Read 100 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
Sandra and Joe own a hobby farm as tenants in common. They also own a vacation home as joint tenants. What is the difference between the tenancy in common and joint tenancy?

Question 2

NAFTA eliminated all tariffs on telephones, cellular phones, and trade in communicates equipment in 2004.
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

angrybirds13579

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

The primary difference between these two types of concurrent estates is that joint tenancy has rights of survivorship which means that upon the death of one of the co-owners, the deceased's interest passes to the surviving joint tenant. Under an ownership by tenancy in common, the deceased co-tenant's interest passes to her beneficiaries named in her will. Also, a tenant in common can convey his interest at any time during ownership. Under a joint tenancy, a conveyance by one of the joint tenants will destroy the rights of survivorship and create a tenancy in common.

Answer to Question 2

TRUE




tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 24, 2018
Gracias!


hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library