Describe the characteristics of tenants in common ownership
What will be an ideal response?
A tenancy in common is a form of concurrent ownership that may, but is not required to have all five unities. Tenants in common do not have to be spouses, take title at the same time, from the same source, or with equal interests. Tenants in common share an equal right to possess and occupy the property. Each co-tenant has the right to individually, without the agreement of the other tenants in common, to transfer her interest by sale, gift, or devise.
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To keep clients informed of their cases, you should ______________________.?
A. ?accidentally run into them on the street and let them know what is going on with their cases B. ?do nothing; if they want to know something, they can call you C. ?ignore their phone calls and take the calls only as a last resort D. ?send them a short summary every couple years of what has gone on with their cases E. ?none of the above
What does it mean to endorse an instrument?
What will be an ideal response?
If a persona fails to properly administer the decedent’s estate, he or she may be:
a. Liable to the beneficiaries or heirs for his or her mistakes b. Has no legal consequence c. Able to quit the position d. Yelled at
Personality conflicts are a source of ____________________ and ____________________ malfunction
Fill in the blank(s) with the appropriate word(s).