A Leasehold Is Like a Bailment in That It Divides

question 53

True/False

A leasehold is like a bailment in that it divides the possessory and ownership interests.

---

Definitions:

Paralegal

A trained professional who assists attorneys in the delivery of legal services, performing tasks such as research, drafting documents, and case preparation.

Seller

A party that offers goods or services for sale to consumers or other businesses.

Tenancy In Common

A form of co-ownership where each owner holds an individual, undivided interest in the property, and there is no right of survivorship.

Community Property

A form of joint property ownership typically between spouses in which assets acquired during marriage are owned equally.