Answer_KeyCh2Quiz

Answer_KeyCh2Quiz - 2004 Rockwell Publishing Company 1 Real...

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© 2004 Rockwell Publishing Company 1
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Real Estate Principles Ch 2 Quiz Answer Key 1. A 2. B 3. D 4. C 5. D 6. C 7. B 8. A 9. A 10. C 11. B 12. C 13. C 14. C 15. D © 2004 Rockwell Publishing Company 2
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Answer Key with Explanations Question #1 Answer: A Explanation: A lessee (or tenant) has a leasehold interest in property. Question #2 Answer: B Explanation: Tenancy in common is the form of co-ownership with no right of survivorship. Question #3 Answer: D Explanation: Joint tenancy requires unity of time and title. The wife re-deeded her interest, even though it was just to herself and her husband, so the unities were broken and the joint tenancy is destroyed. Question #4 Answer: C Explanation: Of all the methods of holding title, only joint tenancy includes the right of survivorship. Question #5 Answer: D Explanation: Because a cooperative project is financed with one single mortgage and taxed as one single property, the failure of one tenant to pay his share of the cooperative's operating
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This note was uploaded on 09/06/2011 for the course FIN 365 taught by Professor Staff during the Spring '11 term at S.F. State.

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Answer_KeyCh2Quiz - 2004 Rockwell Publishing Company 1 Real...

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