Which of the Following Statements in Relation to Joint Tenancies

question 42

Multiple Choice

Which of the following statements in relation to joint tenancies and tenancies in common is not true?

• A)Joint tenants hold an equal undivided share in the property.
• B)Joint tenants cannot have the right to leave their share to another person in their will.
• C)Tenants in common hold equal but distinctive shares in the property.
• D)Tenants in common have the right to leave their share to another person in their will.

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Definitions:

Capital Stock

The total amount of a company's stock (both preferred and common) authorized for issuance, representing ownership in the company.

Preferred Stock

A class of stock that typically offers dividends and claim on assets before common stockholders but usually does not have voting rights.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership interest in a corporation.

Capital Stock

The total amount of shares that a company is authorized to issue, representing the main source of equity for the company.