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O and W, each of whom is married, purchase a parcel of investment property as jointtenants in...

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Finance

Oand W, each of whom is married, purchase a parcel of investmentproperty as jointtenants in a state in which survivorship ispresumed among joint tenants. Title is taken inthis manner. This isnot a community property state.A. Upon the death of either tenant,who would acquire the interest of the deceased tenant? Could thisbe defeated by will?B.What rights, if any, would a widow of thedeceased tenant have in the property?

nothe i vestment is not in india

Answer & Explanation Solved by verified expert
4.4 Ratings (836 Votes)
A Right of survivorship is commonly used in joint ownership or tenancy of property which means in case of death of other owners the surviving owner will automatically absorb share or deceased partner Where there is more than two partner this will continue till there is only one owner    See Answer
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