Two friends want to buy piece of real property together but each one wants to leave his share to his children. How is the best way for them to take title?
As joint tenants
As tenants in common
As tenants in the entirely
As community property
As tenants in common
In this context the partners have equal rights and they also have the right to transfer their ownership with the help of will made to a buyer or a heir of the property.
Two friends want to buy piece of real property together but each one wants to leave...
II. Words and Phrases: ___________________ This term describes an item of personal property which is so permanently attached to real property that it is considered to have become part of the real property ___________________ This person would be liable for an injury sustained on dangerous or defective outdoor steps of a three-family house, if the steps lead inside to a common hallway, and the steps are not part of any the three leased apartments. ___________________ This term describes the filing...
Question 4 Joan and Henry have been married for years. Joan wants to buy and car,and she's not sure she wants Henry to co-own the car with her so she buys it alone (and is the only person listed on the titel.If Joan is planning t divorce Henry after she purchases this car, what rule of property ownership would she want to see if her state holds? OTangible Property O Tenants in Common O Joint Tenants Community Property estion 5...
1. (3) Determine the chromatic number of each of the two graphs below. Support your answer by showing a valid coloring, and showing that no fewer colors can be used. 2. (3) Sam has eight friends with whom he wants to have dinner before leaving town for the summer. He has limited time, so he'll try to dine with several at once. His goal is to see all of these friends in as few dinners as possible. Some of these...
Thus discussion question with two answers questions of my
friends can you write your discussion and opinions by the same way
they did?
Notice that under the article title it reads "An Exchange." This is an exchange between the two authors, so part is written by Orr and part by Meilaender. What is Orr's argument or position? Meilaender's? Which perspective is more compelling to you? Why? After reading the article clearly both doctors had a point of view and strong...
CASE PROBLEM: Real Estate Agent Bree Wants to Become More Creative Thirty-year-old Bree is a commercial real estate agent, working for Coalition Properties in Vermont. Although she works for Coalition, the only money she earns is from sales commissions, usually about 6 percent of the sale price of a property. Bree also pays part of the advertising expenses for properties for which she is the listing agent. Bree is earning enough money to keep her satisfied, but the owner of...
Question One: Wally and Sally want to go into business together and plan on offering a tutoring service to high school and college students. Wally proposes that they share control of the business and split profits equally and not bother with a written agreement. Sally, however, is concerned about being able to pay their debts since they will have to rent tutoring space, and purchase computers and supplies. She is also concerned about parents and students who may sue if...
Fact Pattern Wilhelmina and Frederica were lifelong friends and neighbors. The two first met when they were both young brides, having moved into homes that had adjoining backyards. It didn’t take long before they formed a friendship that lasted for more than sixty years. In the early years of their friendship, the two would visit each other daily for a late morning breakfast after the kids went-off to school. Rather than having to waste time walking around the block, the...
In 2002, Hammer and Wallace entered into a partnership for the purpose of raising hogs. The two men agree to share equally all costs, labor, losses, and profits. The business was started on land owned initially by Hammer parents but later acquired by Hammer and his wife. No rent was ever requested or paid for use of the land. Partnership funds were used to bulldoze and clear the land, to repair and build fences, and to seed and fertilize the...
DO #1
Real GDP is intended to measure the real value of goods and
services produced, not the stock of money, or the balance in your
bank account, or whether you are in debt or not. To do this, we may
use information on total expenditures - measured in dollars - but
the purpose is always to recover an index of real output. For this
homework, you need the following information to calculate real GDP
over several periods. First, you...
DO#3
Real GDP is intended to measure the real value of goods and
services produced, not the stock of money, or the balance in your
bank account, or whether you are in debt or not. To do this, we may
use information on total expenditures - measured in dollars - but
the purpose is always to recover an index of real output. For this
homework, you need the following information to calculate real GDP
over several periods. First, you know...