Examlex
Sheldon goes to the grocery store to buy a few items,and when he gets there he can remember only the last few things that he wanted to buy."I knew I should have written everything down," he says to himself.Sheldon has illustrated the _____ effect.
Community Property State
A Community Property State is one where all property acquired during marriage is considered equally owned by both spouses, except for property received by one spouse through gift or inheritance.
Jointly Owned
Describes property or assets owned together by two or more parties, where each has an undivided interest in the whole.
Estate In Fee Simple
Refers to the most complete ownership of land or property that can be legally held under common law, implying absolute ownership without any limitations or conditions.
Leasehold Estate
The creation of an ownership interest in the tenant. An interest in real estate that is held under a lease. Also called tenancy.
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