When Does a Joint Tenancy Become a Tenancy in Common

question 33

Multiple Choice

When does a joint tenancy become a tenancy in common?

• A) when a joint tenant sells his or her property
• B) when a joint tenant dies
• C) when two joint tenants swap their share in the tenancy
• D) when two joint tenants are bound by a marital relationship

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Definitions:

Year-End Balance

The final amount of money in an account at the conclusion of a financial year, after all transactions have been accounted for.

Forecasted Net Income

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Competitive Pricing

A pricing strategy where a product's price is set based on the prices of similar products offered by competing businesses in the market.

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