Question: What is the basic distinction between a joint tenancy and a tenancy in common? Spouses can be joint tenants but not tenants in common. Unrelated

  1. What is the basic distinction between a joint tenancy and a tenancy in common?

    Spouses can be joint tenants but not tenants in common.

    Unrelated owners can be tenants in common but not joint tenants.

    Joint tenants have a right of survivorship, but tenants in common do not.

    Tenants in common have a right of survivorship, but joint tenants do not.

0.25 points

QUESTION 4

  1. Which of the following is necessary for a valid offer?

    The offer must demonstrate a present intention to enter into a contract.

    The offer must contain reasonably definite terms.

    The offer must be communicated to the proper offeree.

    All of the above are necessary for a valid offer.

0.25 points

QUESTION 3

  1. Which of the following is not an element of a valid contract?

    Agreement

    Consideration

    Legal capacity of the parties to the contract

    A written document with notarized signatures

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