Mary Wants to Buy an Apartment in a Building That

question 51

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