Question

In: Finance

What are the two types of property addressed in community property laws? Owned property and rented...

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.

Solutions

Expert Solution

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.


Related Solutions

Which of the following types of property are covered by a will? The jointly owned property,...
Which of the following types of property are covered by a will? The jointly owned property, Property in trust, Life insurance proceeds and property with a named beneficiary. A: Jointly owned real estate B: Property in Trust C: Life insurance proceeds D: Separately owned checking account
Laws for Accountants Article 9 of the UCC describes different types of property that may be...
Laws for Accountants Article 9 of the UCC describes different types of property that may be used for collateral. What are the various categories of property under Art. 9-excluding securities since different rules apply to how security interests are created, attach and are perfected in securities.  What are these other types of property and why is that important? Note-remember that the UCC does NOT cover real estate What are the steps to perfect a security interest under Art. 9 of the...
With respect to the division of property, what is the difference between community property states and...
With respect to the division of property, what is the difference between community property states and states that are not community property states?
Your friend, Sam had a rental property rented to a travel agent The property used to...
Your friend, Sam had a rental property rented to a travel agent The property used to generate rental revenues of $100000 per annum. Due to COVID19, the travel agent shut down the business and moved out of the property. Instead of renting it again to a new tenant, Sam is planning for an investment opportunity. He plans to use the property for producing toilet tissues and hand sanitizer to take advantage of recently increased demand for these products in the...
Your friend, Sam had a rental property rented to a travel agent The property used to...
Your friend, Sam had a rental property rented to a travel agent The property used to generate rental revenues of $100000 per annum. Due to COVID19, the travel agent shut down the business and moved out of the property. Instead of renting it again to a new tenant, Sam is planning for an investment opportunity. He plans to use the property for producing toilet tissues and hand sanitizer to take advantage of recently increased demand for these products in the...
1. how can the marriage laws with loopholes be addressed? 2. As a nurse, what social/medical...
1. how can the marriage laws with loopholes be addressed? 2. As a nurse, what social/medical services can you offer youth in these situations?
What types risks are identified by banks that are of high priority to be actively addressed?...
What types risks are identified by banks that are of high priority to be actively addressed? Please explain.
What types risks are identified by banks that are of high priority to be actively addressed?...
What types risks are identified by banks that are of high priority to be actively addressed? Please explain.
what are the two laws of thermodynamics? Explain how these two laws are related to metabolism...
what are the two laws of thermodynamics? Explain how these two laws are related to metabolism or biological process.
Baldrick bought an investment property on 1 July 2018 for $2,000,000. He rented out his property...
Baldrick bought an investment property on 1 July 2018 for $2,000,000. He rented out his property from 1 July 2018. He borrowed $1,800,000 on the same day from the bank to buy the property. The term of the loan was 8 years. The building was originally constructed in 2001 at a cost of $900,000. He received rent in cash from his tenants during the year ended 30 June 2019 in the amount of $93,000. Included in this amount was a...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT