What is a right of survivorship?
What will be an ideal response?
An interest in a joint tenancy. Upon the death of one tenant, his interest in property will pass automatically to the surviving joint tenant or tenants. A will is not required to pass property that is held in this manner because the property passes by operation of law (a non-probate asset). When there is only one tenant remaining, that tenant will own the property in fee simple and must either leave the property by will, let it pass by intestacy or create a new joint tenancy with right of survivorship.
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To find a particular company's contact information via the Internet, a paralegal could search:
a. By telephone number b. In a directory that searches by industry and state c. By domain name d. All of these choices are correct
In a deed, the identification of the quality of the title, usually in fee simple, is included in the:
A. Covenants clause B. Execution clause C. Premises clause D. Habendum clause
A contract should always be reviewed by a/an ________ before the client signs it
Fill in the blank(s) with correct word
All Supreme Court reporters include headnotes and references to other publications
Indicate whether the statement is true or false