Mary Wants to Buy an Apartment in a Building That

question 59

Multiple Choice

Mary wants to buy an apartment in a building that is owned by ABC Corporation.Mary then purchases stock in ABC Corporation and holds her apartment under a proprietary lease.Under which ownership has Mary acquired title to such an apartment?

• A)Condominium ownership
• B)Co-ownership in form of tenancy in partnership
• C)Ownership acquired by gift
• D)Cooperative ownership

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Definitions:

Serous Membrane

A thin layer of tissue that lines certain internal cavities of the body, secreting a serous fluid to lubricate and reduce friction between internal organs.

Visceral

Relating to the internal organs.

Parietal Pleura

The outer membrane that lines the inner surface of the chest wall and diaphragm in the thoracic cavity, but does not cover the lungs directly.

Peritonitis

Inflammation of the peritoneum, the thin tissue that lines the inner wall of the abdomen and covers most of the abdominal organs.