Unformatted text preview: interest in the property. If an owner in a joint tenancy sells his interest, then the ownership agreement becomes tenancy in common. When a tenancy in common interest exists, ownership is passed to the deceased estate and not to the surviving owner(s) (Cheeseman, 2010) . Reference: Cheeseman, H. (2010). The Legal Environment of Business and Online Commerce: Business Ethics, E-Commerce, Regulatory and International Issues . Retrieved from www.ecampus.phoenix.edu on January 30, 2010....
View Full Document
This note was uploaded on 08/21/2010 for the course ACCT MKTG321 taught by Professor Ms.kris during the Spring '10 term at DeVry Long Beach.
- Spring '10