Jimmy and Kathy Are Married and Own Some Vacant Property

question 68

Multiple Choice

Jimmy and Kathy are married and own some vacant property as tenants by the entirety.Unfortunately,things are not going well in the marriage.Jimmy wants to sell his interest in the property for some extra cash.Which of the following is true?

• A) Jimmy can sell his interest in the property, and the purchaser will be a tenant by the entirety with Kathy.
• B) Jimmy can sell his interest in the property, and the purchaser will be a joint tenant with Kathy.
• C) Jimmy can sell his interest in the property, and the purchaser will be a tenant in common with Kathy.
• D) Jimmy cannot sell his interest in the property, unless taxes are overdue and the cash will be used to pay the taxes.
• E) Jimmy cannot sell his interest in the property unless Kathy consents to the sale.

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Definitions:

Inherently Dangerous

Activities or substances that, by their nature, pose a potential risk of harm or damage even when reasonable care is taken.

Strict Liability

A legal principle that holds a party responsible for damages or losses, regardless of fault or intent.

Regulated Activity

Actions or operations subject to oversight and control by governmental or authoritative bodies to ensure compliance with laws and regulations.

Duty to Aid

The legal or moral obligation to provide assistance to a person in distress, under certain circumstances, without causing harm to oneself.