A valid joint tenancy must have the four unities of:
a. time, title, interest, remainder
b. title, time, possession, interest
c. interest, right, possession, time
d. time, title, occupancy, possession
Answer: b. title, time, possession, interest
You might also like to view...
Which of the following characteristics apply to collateralized mortgage obligations?
I. All bondholders receive a pro-rata share of all interest payments. II. CMOs are derivative securities created from mortgage-backed bonds. III. All principal payments are paid to the shortest remaining tranche. IV. CMOs have definite maturity dates for each tranche. A) I and II only B) I and III only C) I, II and III only D) II, III and IV only
Which of the following factors does not influence a firm's long-term financing decisions?
a. Its target capital structure. b. Maturity matching considerations. c. Comparative costs of financing alternatives. d. Availability of collateral. e. All of the above factors may influence a firm's long-term financing decisions.