Agatha, Betty, and Clara are sisters who own 300 acres of land as joint tenants
a. What interest does each of them have in the parcel of land?
b. If Betty dies, what happens to her share of the 300 acres?
c. If Clara sells one-half of her interest to Diane, what interest does Diane acquire in the 300-acre parcel?
a . Each of the sisters has an undivided interest in the whole, the right to possession, and the right to sell her interest during life and thus terminate the original relationship.
b. If Betty dies, title to the entire property will pass by operation of law to Agatha and Clara since a joint tenancy has a right of survivorship.
c. Clara has severed the joint tenancy. This means that the right of survivorship is lost, and the tenancy becomes a tenancy in common among Agatha, Betty, Clara, and Diane.
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