A Form of Property Ownership in Which the Parties Have

question 32

Multiple Choice

A form of property ownership in which the parties have equal shares which were created at the same time and which pass automatically to the survivor on the death of one of the parties is known as:

• A)tenancy in common.
• B)unity of ownership.
• C)joint tenancy.
• D)common ownership.

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Definitions:

Bargaining Strength

The power that parties have during negotiations, influenced by their resources, alternatives, and strategies.

Economic Power

The ability of a country, corporation, or group to influence economic events, conditions, and policies at a local, national, or international level.

Large Corporations

Companies that operate on a grand scale in terms of revenue, employees, or market share, and usually have a wide geographical presence.

National Labor Relations Act

The National Labor Relations Act (NLRA) is a foundational statute of US labor law that guarantees workers the right to form unions and engage in collective bargaining.