Edna, Elsa, and Ellen are sisters who own 500 acres of land as tenants in common. Discuss the interest each has in the real estate
Each one has the right to possession and use; none of them can claim any specific portion of the land. Each has an undivided interest in the property. Tenants in common need not have acquired their interests at the same time or by the same instrument, and their interests may differ as to duration and scope. Tenants in common have no right of survivorship and may terminate their tenancy either by transferring all of their co-interests to one person or by partitioning the property among themselves.
You might also like to view...
Raul is chairman of the board of Swif-Vac Corporation. Pinky, a consumer, is injured while using a Swif-Vac product. Pinky sues Swif-Vac, and Raul individually. Swif-Vac may pay Raul's legal fees under
a. the director's right to certification. b. the director's right to compensation. c. the director's right to indemnification. d. no circumstances.
How low did FINOVA's share price dip?
a. To $1.12 b. To $0.72 c. To $0.24 d. To $0.06