Why Are Business Partners Usually Advised to Hold Property as Tenants

question 43

Multiple Choice

Why are business partners usually advised to hold property as tenants in common rather than as joint tenants?

• A)Each partner has the right to leave their share in their will to a third party and the shares in the property must be equal.
• B)The property automatically passes (transfers)to the last living partner and the shares in the property do not have to be equal.
• C)The property automatically passes (transfers)to the last living partner and the shares in the property must be equal.
• D)Each partner has the right to leave their share in their will to a third party and the shares in the property do not have to be equal.

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