Joint tenancy property is called a ________________ asset because the property automatically passes to the survivor(s) as a matter of law.

Fill in the blank(s) with the appropriate word(s).


Non-probate

Legal Studies & Paralegal

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_____ happens when property is stolen before it comes into the possession of the owner.

a. Larceny b. Embezzlement c. Attempted larceny d. Criminal fraud

Legal Studies & Paralegal

Defensible fees are those that end ownership on the happening of a certain event.

Answer the following statement true (T) or false (F)

Legal Studies & Paralegal

Modification is a method to alter obligations under a contract.

Answer the following statement true (T) or false (F)

Legal Studies & Paralegal

A quiet title action is used by the court to determine who has ownership rights in a piece of real property

Indicate whether the statement is true or false

Legal Studies & Paralegal