Four friends decide to purchase an investment property as co-owners and take title as joint tenants. All of the following are true EXCEPT

A) the four friends will each receive a separate deed for their share.
B) all four will acquire their interests at the same time.
C) all four will enjoy equal rights of possession of the property.
D) all four will have equal interests in the property.

A) the four friends will each receive a separate deed for their share.
Explanation: All concurrent ownership is created by one deed, which will establish either joint tenancy or tenants in common. Additionally, joint tenancy requires that four unities must be present: possession, interest, title, and time (PITT).

Business

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