Question

which description of joint is best? A. 2 or more people own a property equally B....

which description of joint is best?
A. 2 or more people own a property equally
B. 2 or more in the same family own a property equally.

sorry which description of joint tenancy is best?
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Answer #1

ANSWER

CORRECT OPTION that best describes Joint tenancy : Option (A) : 2 or more people own a property equally

Explanation :

Joint tenancy is basically an arrangement where any 2 or more parties own a Property equally and shares equal rights and obligations towards that property. It is not necessary that such 2 or more parties belong to a same family only however it may be one of the case of joint tenancy. So option B is just a part of a "Joint Tenancy Arrangement" whereas Option B covers the whole Joint Tenancy description.

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