Q&A Hero

Question

a. allodial system k. fee simple
b. chattel l. feudal system
c. common law m. freehold estate
d. community property n. homestead protection
e. consequential damages o. lessor
f. deed restrictions p. life estate
g. easement q. periodic tenancy
h. eminent domain r. police power
i. encroachment s. property taxes
j. encumbrance t. severance damages
a. community property k. right of survivorship
b. concurrent ownership l. S corporation
c. estate in severalty m. separate property
d. general partnership n. tenancy by the entirety
e. illiquidity o. tenants in common
f. inter vivos trust p. undivided interest
g. joint tenancy q. unity of interest
h. limited liability company r. unity of possession
i. limited partnership s. unity of time
j. poor man's will t. unity of title
1> composed of general partners who mainly organize and operate the partnership and limited partners who provide the capital
2> a form of joint ownership with the right of survivorship which is reserved for married persons
3> the joint tenants must enjoy the same undivided possession of the whole property
4> provides the liability protection of a corporation with profit-and-loss pass-through of a partnership
5> husband and wife share equally in any property purchased during marriage
6> takes effect during the life of its creator
7> a label given to joint tenancy because of its right of survivorship feature
8> joint tenants must acquire their interests from the same source i.e., the same deed or will
9> a method of combining the capital and expertise of two or more persons, each retaining financial liability
10> organization of members or managers with little formal organization and limited liability
11> ownership by two or more persons at the same time
12> each joint tenant must acquire his or her ownership interest at the same moment
13> owned by one person; sole ownership
14> surviving joint tenants automatically acquire all the rights of the deceased joint tenant
15> each joint tenant has exactly the same rights as all other joint tenants
16> property acquired before marriage in a community property state
17> the possibility that it may be difficult to sell one's partnership interest on short notice
18> form of property co-ownership that features the right of survivorship
19> shared ownership of a single property with no right of survivorship
20> ownership by two or more persons that gives each the right to use the entire property

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