BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the equal rights of possession
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the right of partition
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both of these
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none of these
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Detailed explanation-1: -These forms of co-ownership include tenants in common, joint tenants with right of survivorship, tenancy by the entirety, and community property. The form of co-ownership should be specified on the deed to the property.
Detailed explanation-2: -Examining The 4 Types Of Co-Ownerships.
Detailed explanation-3: -A co-owner is entitled to three fundamental ownership rights. If his share of the property is clearly stated in the deed, he has the right to possession, use, and dispose of his share of the property. As a result, if a co-owner is deprived of their property, they have the right to reclaim it.
Detailed explanation-4: -Co-owners mean all the owners of a property. If the property is owned by more than one person, it is called joint ownership. In case of coparcenary, the male members and daughters have a common and an equal interest in ancestral property.