Ask Question
BusinessBusiness
28 June, 07:28

Sally, Jake, and Bill hold a property in joint tenancy. How are their property shares divided?

A. One person must hold at least 50% of ownership.

B. Each person holds equal shares.

C. Each owner holds a 20% share.

D. Shares are not divided in joint tenancy.

+3
Answers (1)
  1. 28 June, 07:38
    0
    option B is the correct answer

    Explanation:

    joint tenancy is the coming together of two or more person to own thesame property. it is a special form of ownership. the joint tenants shares equal right and ownership and have equal right to keep or dispose the property.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sally, Jake, and Bill hold a property in joint tenancy. How are their property shares divided? A. One person must hold at least 50% of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
1. Why does the store not want any seasonal merchandise left over at the end of a season?
Answers (1)
only deposits of a rare and sought-after mineral known as Yuksporite are found in ussia. Since no other nation has deposits of Yuksporite, Russia has an in this mineral.
Answers (2)
According to the Fisher effect, if the "real" rate of interest in a country is 3 percent and the expected annual inflation is 8 percent, what would the "nominal" interest rate be
Answers (1)
In two to three sentences, describe how making minimum payments on credit card balances increases the total cost.
Answers (1)
A 20-year-old student wants to save $3 a day for her retirement. Every day she places $3 in a drawer. At the end of each year, she invests the accumulated savings ($1,095) in a brokerage account with an expected annual return of 12%.
Answers (1)
New Questions in Business
You are given the following information about a portfolio you are to manage. For the long term, you are bullish, but you think the market may fall over the next month. Portfolio Value $ 1 million Portfolio's Beta 0.
Answers (1)
Use the information presented in Northeastern Mutual Bank's balance sheet to answer the following questions.
Answers (1)
In The Wealth of Nations, Adam Smith discussed what has come to be known as the "diamond and water paradox" "Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it.
Answers (1)
Making adjustments to general ledger accounts is an application of the Matching Expenses with Revenue accounting concept. A. TrueB. False
Answers (1)
You're trying to save to buy a new $210,000 Ferrari. You have $30,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car
Answers (1)
Home » Business » Sally, Jake, and Bill hold a property in joint tenancy. How are their property shares divided? A. One person must hold at least 50% of ownership. B. Each person holds equal shares. C. Each owner holds a 20% share. D.
Sign Up Forgot Password?