Homer and Marge Bought Blueacres as Tenants in Common with Equal

question 67

Multiple Choice

Homer and Marge bought Blueacres as tenants in common with equal shares of ownership.One year later,Homer died,leaving a will in which he left his interest in Blueacres to his son,Bart.Under these circumstances:

• A)Marge will acquire complete ownership of the property.
• B)Marge and Bart own the property as tenants in common.
• C)Bart will be considered Marge's tenant on rent.
• D)Marge and Bart are co-owners,but Marge has the right to exclusive possession.

---

Definitions:

Permits

Official documents or licenses that authorize individuals or companies to undertake certain activities, often subject to regulations.

Pollution

The introduction of contaminants into the natural environment that cause adverse change.

External Costs

Costs that are not reflected in the market price of goods or services, often burdening third parties not involved in the transaction.

External Benefits

Positive effects of a production or consumption activity on third parties not directly involved in the transaction.