Spouses with no statement as to form of co-ownership

Assignment Help Operation Management

Reference no: EM132146098

1. All forms of real property allow the title holder to possess and enjoy the property T F

Explanation:

2. In a deed Sam Jackson conveys title to a parcel of land to Jeanne and Helen Smit as spouses with no statement as to the form of co-ownership.

a. Jeanne and Helen hold title as tenants in common.

b. Jeanne and Helen hold title as joint tenants.

c. Jeanne and Helen hold title as a tenancy by the entireties.

d. None of the above answers are true the lack of any statement as to co-ownership would require a court decision to clear up the ambiguities of co-ownership.

Explanation:

3. Prof. Jones hands his ipad to one of his students, Mary Ellen Smith with directions to leave it with his secretary. As she heads to his office another student accidently runs into Mary Ellen. The ipad tfalls and is heavily damaged. Mary Ellen was not being careless in anyway. In which of the following situations will Mary Ellen be responsible for the damages to the tablet?

a. Even though she was doing a favor for the professor she will be liable.

b. As she was doing some statistical work on the ipad for which she was being paid she will be liable.

c. She had borrowed the ipad to complete her Connect homework and is therefore liable.

d. In all of the above she will be liable as she did not return the ipad in original condition as per the instructions of the professor.

Reference no: EM132146098

Questions Cloud

Identify as many apa formatting errors as possible : Using the "Track Changes" function located under the "Review" tab at the top of the Word document with the unformatted essay, identify as many APA formatting.

The system flowchart for the cash disbursment process : What portion of the system flowchart for the cash disbursment process would be effected by the IT risk of data security and confidentiality?

Create swot matrix for your company : Create a SWOT matrix for your company or one that you are familiar with, taking into account its key objectives.

Budgeted production costs for direct materials : What are the 2016 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?

Spouses with no statement as to form of co-ownership : In a deed Sam Jackson conveys title to a parcel of land to Jeanne and Helen Smit as spouses with no statement as to the form of co-ownership

About what distinctive corporate strategy : Summarize what you have learned about what a distinctive corporate strategy is and why it is important.

Create to tackle gang violence : What kind of social business/enterprise will you create to tackle Gang Violence?

Describe what product or service provides : Describe what product or service provides What makes your business a special, to set it apart from competitors?

The firm versus competitors market strategies : What are the advantages and disadvantages of the firm's versus competitors' market strategies?

User Account

All Pages