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Four siblings, Moana, Joseph, Betty and Angela are in the market to purchase a residential...

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Accounting

Four siblings, Moana, Joseph, Betty and Angela are in the market to purchase a residential property together. They intend to be registered as co-owners in their individual names. In your own words:

a) Identify and explain to the siblings TWO (2) different ways in which they could hold co-ownership as purchasers of a residential property.

b) Explain the implications of ONE (1) of the forms of ownership that you have explained in (a), in the event that one of them dies.

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