Will, Luke, and Katherine who are siblings purchased five acres of land as joint tenants in 1986. In 1990, Luke sold his interest to Troy with the consent of Will and Katherine. In 1994, Will died. Which of the following is TRUE?

A) Will's interest in the land is transferred to his spouse by reason of survivorship.
B) Will's interest in the land is transferred to Katherine by reason of survivorship.
C) Will's interest in the land is transferred to Luke and Katherine by reason of survivorship.
D) Will's interest in the land is transferred to Katherine and Troy by reason of survivorship.
E) Will's interest in the land is transferred to his estate by reason of survivorship.

A

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The federal right to cancel notice must be given to a borrower by the agent if:

A: A commercial building is being used for the security for the loan; B: The loan is not secured by the borrower's dwelling and more than $25,000 is being borrowed; C: The borrower's residence is the security for the loan; D: The money will be used for a business expansion.

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