Each of Two Spouses Owns an Undivided One-Half Interest in Community

question 24

True/False

Each of two spouses owns an undivided one-half interest in community property.

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Definitions:

Adverse Possession

An involuntary property transfer in which a person acquires ownership of property by treating a piece of real property as his or her own, without protest or permission from the owner.

Real Property

Land and anything permanently attached to it, such as buildings and trees, as opposed to personal property, which can be moved.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real state, intellectual property, or something else.

Quitclaim Deed

A deed that carries no warranties. The grantor simply conveys whatever interests he or she holds.