Shelly and Nadine bought a store building and took title as joint tenants. Nadine died testate. Shelly now owns the store

A) as a joint tenant with rights of survivorship.
B) in severalty.
C) as a tenant in common with Nadine's heirs.
D) in trust.

Answer: B) in severalty.

Business

You might also like to view...

Bob Blakemore is a pilot for Northern Airways. He's been working for the company for 15 years and has an excellent record

The company discovers that Bob has for some time now been charging for meals and hotel expenses on layovers in Whitehorse, even though he stays with his sister for free when he's there. This is contrary to company policy. The amount involved is not large in relation either to Bob's salary or to his allowable expenses. Nevertheless, Northern is very strict about such matters, and it summarily dismisses Bob. Which of the following statements is TRUE? A) Bob's conduct constitutes dishonesty and is therefore just cause for dismissal. B) Dishonesty is an exception to the rule that an employee should be given an opportunity to change theirbehaviour. C) Misconduct gives just cause for dismissal if it completely destroys the relationship of trust that must exist between employer and employee. D) Dishonesty no longer automatically gives just cause for dismissal E) Both C and D

Business

Each of the following is true of Mutual Funds EXCEPT

A) Funds can be classified as load or no-load funds. B) Mutual Fund shares must be bought from or sold to the Fund by investors. C) An index fund is the fund with the highest expenses payable by investors. D) The NAV is the total value of stock held by the fund divided by the number of outstanding shares in the mutual fund.

Business