American College Exam HS330 Topic 1 Question 100 Discussion

Actual exam question for American College's HS330 exam

Question #: 100
Topic #: 1

All the following statements concerning ownership of property in the form of a joint tenancy with right of survivorship are correct EXCEPT:

AAll joint tenants must have equal interests in the property.

BJoint tenants need not be related either by blood or marriage.

CEither real property or personal property may be the subject of this type of ownership.

DUpon the death of a joint tenant, his interest in the property passes to his estate or heirs.

Show Suggested Answer

Suggested Answer: D

by Tracey at Sep 18, 2024, 11:44 AM

Limited Time Offer

25%

Off

Get Premium HS330 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jutta

2 months ago

Personally, I think B is the answer. Joint tenants don't have to be related, that's the whole point of this type of ownership. The other options all seem correct to me.

upvoted 0 times

...

Maybelle

2 months ago

Haha, this is a classic trick question. I bet the answer is D, and they're just trying to trip us up with all the other seemingly correct options.

upvoted 0 times

Man

1 months ago

C) Either real property or personal property may be the subject of this type of ownership.

upvoted 0 times

...

Haley

1 months ago

B) Joint tenants need not be related either by blood or marriage.

upvoted 0 times

...

Cassie

1 months ago

A) All joint tenants must have equal interests in the property.

upvoted 0 times

...

Barrett

2 months ago

I'm not sure about that, I think the answer might be A because joint tenants do not have to have equal interests in the property.

upvoted 0 times

...

Wait, I'm confused. Isn't the whole point of joint tenancy with right of survivorship that the property goes to the surviving tenants, not the deceased's estate? This question is trickier than it seems.

upvoted 0 times

Francene

28 days ago

D) Upon the death of a joint tenant, his interest in the property passes to his estate or heirs.

upvoted 0 times

...

Rocco

1 months ago

C) Either real property or personal property may be the subject of this type of ownership.

upvoted 0 times

...

Laurel

2 months ago

B) Joint tenants need not be related either by blood or marriage.

upvoted 0 times

...

Joanna

2 months ago

A) All joint tenants must have equal interests in the property.

upvoted 0 times

...

Barb

2 months ago

I think the answer is D. Upon the death of a joint tenant, his interest in the property passes to the surviving joint tenants, not to his estate or heirs.

upvoted 0 times

Janey

2 months ago

C) Either real property or personal property may be the subject of this type of ownership.

upvoted 0 times

...

Rosina

2 months ago

B) Joint tenants need not be related either by blood or marriage.

upvoted 0 times

...

Ressie

2 months ago

A) All joint tenants must have equal interests in the property.

upvoted 0 times

...

Sage

3 months ago

I agree with Joesph, because in joint tenancy with right of survivorship, the deceased tenant's interest passes to the surviving tenants, not to his estate or heirs.

upvoted 0 times

...

Joesph

3 months ago

I think the answer is D.

upvoted 0 times

...

American College Exam HS330 Topic 1 Question 100 Discussion

Contribute your Thoughts:

Jutta

Maybelle

Man

Haley

Cassie

Barrett

Marisha

Francene

Rocco

Laurel

Joanna

Barb

Janey

Rosina

Ressie

Sage

Joesph