Question

In: Finance

1-Either one of two joint tenants can break a joint tenancy, even if the other tenant...

1-Either one of two joint tenants can break a joint tenancy, even if the other tenant objects to the dissolution of that joint tenancy.

True

False

2-

No matter how severe the regulation of property, no compensation is due the owner under the exercise of police power.

True

False

3-

Condemnation is the lay term for eminent domain.

True

False

4-

If two brothers take title as A and B Jointly, they hold title in Join Teancy.

True

False

5-

A defaulting buyer under a land sales contract may recover the amount of the his payments that exceed the seller's actual damages.

True

False

6-

The occupant must occupy the property almost every day of the year to acquire title by adverse possession.

True

False

Solutions

Expert Solution

Answer:

1. False
To end the joint tenancy, all the joint tenants must be in agreement. It is not possible for any one of them to end this tenancy when the other is not ready to dissolute.

2. False

3. True
Condemnation is same as eminent domain.

4. True
Joint tenancy is referred to as the holding of any property jointly by two or more parties.

5. True
The defaulting buyer can recover his payment amount that exceed the seller's actual damages.

6. True
There must be the actual possession of the property.


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