Asked by
Jamiriah Jones
on Nov 23, 2024
Verified
Andrew and Sanjiv purchase land as joint tenants. Sanjiv sells his interest to Antonetta. Subsequently, Andrew dies. Which of the following statements is correct?
A) Andrew's interest vests in his wife by reason of survivorship.
B) Andrew's interest vests in Antonetta by reason of survivorship.
C) Andrew's interest vests in Antonetta and Sanjiv by reason of survivorship.
D) Andrew's interest vests in his wife and Antonetta by reason of survivorship.
E) None of the responses are correct.
Joint Tenants
Joint tenants are co-owners of property under a legal arrangement where each owns an undivided interest, and upon death, the interest automatically transfers to the surviving joint tenant(s).
Survivorship
Survivorship is a legal principle referring to the right of a surviving joint owner to inherit a shared property in its entirety upon the death of the other joint owner(s).
- Differentiate among fee simple ownership, joint tenancy, and tenancy in common.
- Recognize the legal implications and the rights of landowners and tenants in various scenarios, including joint tenancy and survivorship.
Verified Answer
CH
Learning Objectives
- Differentiate among fee simple ownership, joint tenancy, and tenancy in common.
- Recognize the legal implications and the rights of landowners and tenants in various scenarios, including joint tenancy and survivorship.