Larry and Moe are business partners. They want to purchase a property together. They have come to
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Question:
Larry and Moe are business partners. They want to purchase a property together. They have come to see you to get advice as to whether they should purchase the property as joint tenants or tenants in common.
a. Provide Larry and Moe with an explanation about the two different ways of owning the property together
b. Advise them as to which type of ownership would be best, under the circumstances.
c. What is meant by an easement? Provide examples, and explain why an easement is called a lesser interest in land.
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