American College Exam HS330 Topic 1 Question 72 Discussion

Actual exam question for American College's HS330 exam

Question #: 72
Topic #: 1

Which of the following types of real properly ownership will be deemed to be a tenancy in common?

ATwo brothers own equal amounts of all the common stock in a corporation, the only asset of which is real property.

BTwo brothers own equal undivided interests in a piece of real properly, with each brother being able to divest himself of his interest by sale, gift, or will.

CTwo brothers are equal partners in a general partnership that owns a piece of real property used in the partnership business.

DTwo brothers own equal fractional interests in a piece of real property and at the death of one of the brothers the survivor will own the entire piece of property.

Show Suggested Answer

Suggested Answer: A

by Eladia at Jul 28, 2023, 08:25 AM

Limited Time Offer

25%

Off

Get Premium HS330 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Azalee

2 months ago

I wonder if these brothers have a 'common' understanding of property law. Ba-dum-tss!

upvoted 0 times

...

Terrilyn

2 months ago

Wait, so these brothers are sharing more than just a last name? Talk about a sibling rivalry...

upvoted 0 times

Yesenia

14 days ago

Yes, they can sell, gift, or will their share.

upvoted 0 times

...

Ty

25 days ago

So they each have their own share of the property?

upvoted 0 times

...

Stefania

1 months ago

B) Two brothers own equal undivided interests in a piece of real property, with each brother being able to divest himself of his interest by sale, gift, or will.

upvoted 0 times

...

Rory

1 months ago

A) Two brothers own equal amounts of all the common stock in a corporation, the only asset of which is real property.

upvoted 0 times

...

Sharika

2 months ago

I'm going to have to disagree with the previous candidates. I think C is the correct answer. A general partnership that owns real property would be considered a tenancy in common.

upvoted 0 times

Myong

29 days ago

C) Two brothers are equal partners in a general partnership that owns a piece of real property used in the partnership business.

upvoted 0 times

...

Johnson

1 months ago

B) Two brothers own equal undivided interests in a piece of real property, with each brother being able to divest himself of his interest by sale, gift, or will.

upvoted 0 times

...

Kina

1 months ago

A) Two brothers own equal amounts of all the common stock in a corporation, the only asset of which is real property.

upvoted 0 times

...

Annamae

2 months ago

Hmm, this is a tricky one. I'm going to go with B since it specifically mentions 'undivided interests' which is a key characteristic of a tenancy in common.

upvoted 0 times

...

Kattie

3 months ago

D looks like the right answer to me. The fact that the survivor will own the entire property upon the death of one brother suggests a joint tenancy, not a tenancy in common.

upvoted 0 times

Kerrie

28 days ago

C) Two brothers are equal partners in a general partnership that owns a piece of real property used in the partnership business.

upvoted 0 times

...

Xochitl

1 months ago

B) Two brothers own equal undivided interests in a piece of real property, with each brother being able to divest himself of his interest by sale, gift, or will.

upvoted 0 times

...

Johanna

2 months ago

A) Two brothers own equal amounts of all the common stock in a corporation, the only asset of which is real property.

upvoted 0 times

...

Dallas

3 months ago

I think B is the correct answer. Tenancy in common implies that each owner has an undivided interest in the property that they can independently convey or devise.

upvoted 0 times