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Question
Carmen, Westbrook, and Ashton are concurrent owners of a large commercial building. Ashton executes a will that leaves all his property to his son in the event of his death. But after Ashton passes away, his ownership interest in the building is acquired by the two remaining tenants of the building. Which of the following kinds of concurrent ownership would allow such a passage of title?A) a tenancy by the entirety
B) a community property
C) a joint tenancy
D) a tenancy in common
Answer
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Related questions
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Which of the following is true of a fully disclosed agency?
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B) The third party knows the name of the principal but all transactions are done with the agent.
C) The contract is between the principal, agent, and the third party.
D) The principal is liable on the contract with a third party.
Q:
The ________ is a principal's duty to cover the agent for any losses the agent suffers because of the principal's conduct.
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A) duty to indemnify
B) duty to account
C) duty to reimburse
D) duty to notify
Q:
Which of the following is an instance of misuse of confidential information?
A) An agent gives the seller the principal's name and phone number in a fully disclosed transaction.
B) A principal gives the contact details of an agent to a third-party without the agent's knowledge.
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Q:
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Q:
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The agent's actions–not the principal's–create an apparent agency.
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Q:
Which of the following is true of an apparent agency?
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Q:
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Q:
Which of the following is true about a special power of attorney?
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The issuer is permitted to assert a due diligence defense against the imposition of Section 11 liability.
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Q:
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Q:
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Q:
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Q:
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