Asked by
Dede Berkay GÜRE?
on Nov 01, 2024Verified
Allison and Zena own property as joint tenants.Zena's creditors can levy:
A) upon Zena's interest,and take over Zena's interest as a tenant in common.
B) upon Zena's interest on execution,and take over Zena's interest as a joint tenant.
C) both Allison's and Zena's interest on execution,and take over their interest as a lien creditor.
D) upon both Allison's and Zena's interest on execution,and take over their interest as owner.
Joint Tenants
Two or more persons who own property where the right of any deceased owner is automatically transferred to other surviving owners.
Levy
The act of legally seizing property to satisfy a debt or fulfill a judgment, often conducted by a governmental authority.
Tenant in Common
A tenant in common is an individual who co-owns property with one or more persons, where each owner possesses an undivided interest and no right of survivorship exists among the owners.
- Familiarize oneself with the legal doctrines related to property rights, including prescriptive easements, and understand the significance of local legislation on lease arrangements.
Verified Answer
LG
Learning Objectives
- Familiarize oneself with the legal doctrines related to property rights, including prescriptive easements, and understand the significance of local legislation on lease arrangements.