John and Edward Own Property in Toronto

question 53

Multiple Choice

John and Edward own property in Toronto.Edward owns 45 percent of the property,and John owns the remaining 55 percent.Both John and Edward can deal with their respective interests in the property at any time without the consent of the other.In this case,John and Edward own the property as

• A)joint tenants.
• B)tenants in common.
• C)remaindermen.
• D)servants.
• E)licencees.

---

Definitions:

Model Equation

A mathematical representation that shows the relationships between different variables.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period.

Factoring

The process of breaking down an expression into a product of its simpler factors.