Bess, Ray, and Irwin inherited 48 acres of land, which they own as tenants in common. If Bess decides she wants to live on a portion of the land, in order to get clear title to that portion:
a. Bess may request that the land be partitioned, which would change her, Ray's, and Irwin's undivided interests in the whole parcel into smaller, individually owned parcels.
b. Bess need only move onto the land, as she has the right to possession of the whole 48 acres.
c. Bess would need to convince Ray and Irwin to join her in selling the entire 48 acres, and she would then need to buy the portion she wishes to own separately.
d. Ray and Irwin must agree to relinquish their right of survivorship and thus destroy the present tenancy.
a
You might also like to view...
Inbound logistics and operations are part of the support value activities.
Answer the following statement true (T) or false (F)
Financial Statements Assertions Describe the management assertions relevant to cash and other liquid assets
MPR professionals should verify the audience of an NMC because most NMCs are not scrutinized by audit bureaus
Indicate whether the statement is true or false
MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving. What does MIS stand for?
A. Management information strategy. B. Management information strategist. C. Management intelligence system. D. Management information system.