What unities are required for a tenancy in common? For a tenancy by the entirety?
What will be an ideal response?
Any one of the four unities of time, conveyance, interest or possession must be present; however not all of them will be (if all are present, it would be a joint tenancy with right of survivorship). Tenancy by the entirety is a form of joint tenancy with right of survivorship in which all of the unities are present plus the unity of marriage.
Legal Studies & Paralegal
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Legal Studies & Paralegal
For what purposes may a trust be created?
What will be an ideal response?
Legal Studies & Paralegal
A deed is an informal oral instrument used to transfer title to real property.
a. true b. false
Legal Studies & Paralegal
A statement that has been admitted is called a judicial admission
a. true b. false
Legal Studies & Paralegal