In: Finance
What are the two types of property addressed in community property laws?
Owned property and rented property.
His property and her property.
Real property and common property.
Separate property and community property.
Which of the following is TRUE of a joint tenancy?
The tenants can determine the size of the share owned by each tenant.
The size of the tenant's shares is determined by the amount of equity each has invested in the property.
The tenants have an equal and indivisible ownership interest.
There can be no more than two co-owners, and each has a fifty percent interest.
The two kind of property addressed in community property law are
Separate property and community property.
True Statement:
The tenants have an equal and indivisible ownership interest.