If two or more parties own property as tenants in common:
A: The last surviving owner holds title to the property in severalty;
B: Each party owns an equal interest;
C: None of the parties may transfer their interest by will or intestate succession;
D: Each party may transfer their interest separately.
Answer: D: Each party may transfer their interest separately.
Business
You might also like to view...
Your résumé should always include membership or significant activity in religious or political organizations
Indicate whether the statement is true or false
Business
Formal rule making differs from informal rule making in: A) public notice is required for formal rule making not informal
B) a public comment period is needed for formal rule making but not informal. C) no modification period exists in formal rule making. D) None of the above
Business