In: Finance
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
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.