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almask04 almask04
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2 years ago
With regard to interests in land, which one of the following statements is true?

▸ If Carol and Mary buy land and later use it to secure debt, possession of the property will be transferred to the creditor until the debt is repaid.

▸ Tenancy in common is often used by families to get around inheritance taxes and probate fees.

▸ A joint tenant can sever the joint tenancy by bequeathing his interest in the property in a will, naming a third person as beneficiary.

▸ An easement in land is characterized by giving the owner of the estate exclusive possession of that property for some time.

▸ If a joint tenant severs the joint tenancy, he can then will his interest in the land to whomever he chooses, and on his death the person named will take his interest.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
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angelwithinangelwithin
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almask04 Author
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2 years ago
You make an excellent tutor!
klyn
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Yesterday
Thank you, thank you, thank you!
rhockeygirl
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2 hours ago
Good timing, thanks!
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