Property Ownership and Land Use Practice Question
Question
A seller is reviewing documents before accepting an offer involving joint tenancy. Which statement best describes joint tenancy? (Item 163)
Answer choices
- A. It is valid only when the buyer pays cash and no lender is involved.
- B. It prevents any later disclosure, even when new facts become known.
- C. Recognize unity requirements and the right of survivorship in joint tenancy.
- D. It applies only to commercial property and never to residential transactions.
Correct Answer
C. Recognize unity requirements and the right of survivorship in joint tenancy.
Explanation
The correct answer is C because joint tenancy requires candidates to recognize unity requirements and the right of survivorship in joint tenancy. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: easy
- Domain: Property Ownership and Land Use
- Objective: joint tenancy