Which of the Following Is True of a Joint Tenancy

question 11

Multiple Choice

Which of the following is true of a joint tenancy?

• A)It is created by a corporation or a group of persons.
• B)It requires that the tenants be married to each other.
• C)Selling of property by a joint tenant leads to creation of a tenancy in common.
• D)A joint tenant can sell but not gift his part of the property.

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Definitions:

Computerized Accounting Systems

Software programs that manage and process financial transactions and accounting tasks electronically, increasing accuracy and efficiency.

Automated Business Systems

Systems that use technology to perform and manage business processes automatically, enhancing efficiency and reducing manual intervention.

Subsidiary Ledgers

Detailed ledgers that contain information supporting accounts listed in the general ledger, such as accounts receivable or inventory details.

Manual Accounting System

An accounting system in which records are maintained by hand without the use of computer systems.