REE CH 8 TEST QUESTIONS WITH VERIFIED ANSWERS - UPDATED
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Course
REE CH 8
Institution
REE CH 8
REE CH 8 TEST QUESTIONS WITH VERIFIED ANSWERS - UPDATED
A tenancy by the entirety requires four unities to be created validly - Answer-False
A tenancy by the entirety can be severed by either spouse - Answer-False
Tenancy in partnership has the characteristic of survivorship like that found in...
REE CH 8 TEST QUESTIONS WITH
VERIFIED ANSWERS - UPDATED
A tenancy by the entirety requires four unities to be created validly - Answer-False
A tenancy by the entirety can be severed by either spouse - Answer-False
Tenancy in partnership has the characteristic of survivorship like that found in a joint
tenancy - Answer-True
Joint tenants cannot make inter vivos conveyances - Answer-False
In both tenancies in common and joint tenancies, all tenants have the right to exclusive
use and possession - Answer-True
Most states are community property states - Answer-False
A "strawman" transaction is used to satisfy the unity of time in creating a joint tenancy -
Answer-True
Prenuptial agreements are void - Answer-False
A putative spouse may have property rights in the marital property - Answer-True
Unmarried cohabitants cannot have a valid agreement for property distribution -
Answer-False
Prenuptial agreements can be set aside if undue pressure was exerted - Answer-False
Creditors of individual joint tenants cannot foreclose on joint tenancy property - Answer-
False
Separate legal counsel for each party is a requirement for the validity of a prenuptial
agreement - Answer-False
On December 1, 2009, Tyrone, Ned, and Arlen were deeded a piece of land as tenants
in common. The deed provided that Tyrone owned 1/2 the property and Ned and Arlen
owned 1/4 each. If Arlen dies, who owns what and how much? - Answer-Tyrone 1/2,
Ned 1/4, Arlen's heirs 1/4
Steve, Rob, and Charley own a building as joint tenants with the right of survivorship.
Steve conveyed his interest in the building to Mary by executing and delivering a deed
to Mary. Rob and Charley did not know about the transfer and did not consent to it. Rob
and Charley then died. After their deaths, what would Mary's interest in the building be?
- Answer-A 1/3 interest as a tenant in common
Roy Bean and Alvira Jones are tenants in common in a casino and hotel in Sparks,
Nevada. Roy is a bit of a spendthrift and has run up over $75,000 in credit card debt,
, $212,000 in lines of credit, and also has a $759,000 mortgage on a house that is now
worth $300,000. Roy's creditors have judgments totaling the amount of these debts,
plus interest, plus collection expenses and litigation fees for a total of $1.5 million. The
creditors have placed a judgment lien on the casino. Which of the following statements
is correct? - Answer-b. Alvira's interest in the casino cannot be attached by the creditors
The presence of legal counsel for both sides to a prenuptial agreement - Answer-Is a
near-certain way of ensuring the agreement's validity
A conveyance by one joint tenant to a third party severs the joint tenancy - Answer-True
A conveyance by a tenant in common to another tenant in common severs the joint
tenancy - Answer-False
One of the issues that helps make a prenuptial agreement valid is whether the spouse-
to-be had independent counsel. - Answer-True
The timing of the presentment of a prenuptial agreement is part of determining its
validity - Answer-True
Domestic partnership rights apply to same-gender couples in all states - Answer-False
A and B own property as joint tenants with right of survivorship. B dies and in his will
disposes of one half of the joint tenancy property to his niece. The testamentary
disposition is - Answer-Ineffective
A, B and C own property as joint tenants with right of survivorship. C makes an inter
vivos conveyance to D. C's actions - Answer-Are effective and D is a tenant in common
With reference to #2, suppose A has died. B - Answer-Is a tenant in common with 2/3 of
the property
If one co tenant is living on the property of the tenancy he/she must - Answer-Share
rental profits if he rents to a third party
A, B and C are joint tenants. C has died and left all of his property to his son, C, Jr. C,
Jr. - Answer-Has no rights to the property now held by A and B
Smith purchased a home before he married. He and his spouse now reside in the
home. The home is - Answer-Separate property
A and B are joint tenants. A conveys his interest to C. B passes away and leaves his
interest to his daughter, D. Who owns the property? - Answer-C and D
With respect to question #7, how much interest did A and B hold initially? - Answer-One
half each
Which is not a unity required for a joint tenancy? - Answer-Person
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