R.E. methods of holding title for exam study california version
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| Type of tenancy that means separate ownership by 1 person alone | Tenancy in Severalty
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| Type of tenancy where 2 or more people holding title w/undivided interest (ea w/interest in entire prop/undivided)w/right of survivorship for remaining living tenant when other tenant dies/interest not passed to heirs | Joint Tenancy
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| Time,Title,Interest and possession these are the 4 unities to create this type of tenancy | Joint
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| Joint tenant cannot ________ their share of property | will
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| Surving joint tenants are not liable for personal _______ of deceased joint tenant | debts
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| This action is brought by joint tenant to transfer an interest/break the joint tenancy | partition action
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| type of tenancy is undivided interest by 2 or more people w/out right of survivorship.when property is conveyed to 2 or more people other than husband/wife. If vesting/title not specified of tenancy this type of tenancy automatically assumed this type | Tenancy in Common
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| Tenancy consisting of 2 or more co-owners of business for profit/partnership created by agrmt,but not in writing. | tenancy in partnership
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| tenancy in partnership also called | general partnership
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| general partners active in partnership are personally liable for debts of partnership. any partner can contractually bind other partners | Partners liability
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| this type of partnership must have 1 general partner(can be corp)but other partners have limited liability/w/no liability beyone their investment/pledges | limited partnership
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| this type of insurance pays insurance to the partners of deceased w/o dissolving the business | death of partner
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| This is an association for single endevor. This is not intended to be continuing relationship beyone a single project | joint venture
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| Artifical person created by law. since this doesn't die. |
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