A Tenant May Sell or Transfer His or Her Rights

question 95

Multiple Choice

A tenant may sell or transfer his or her rights without seeking permission from his or her cotenant under:

• A)right of survivorship
• B)tenancy in common
• C)prior appropriation doctrine
• D)possessory interest.
• E)joint tenancy

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Definitions:

Limited Liability Partnership

A partnership in which some or all partners (depending on the jurisdiction) have limited liabilities, protecting them from the debts of the partnership and other partners' actions.

Normal Joint

This term does not correspond to a widely recognized legal term, likely referring to a common or typical joint in physical or structural contexts. NO.

Tax Benefits

Financial advantages given by governments, reducing taxpayer burden and incentivizing certain behaviors or investments.

Business Organization

The legal and structural form taken by a business, such as a corporation, partnership, or sole proprietorship, defining its legal responsibilities and operations.