Question

Jenny and Sam are engaged to be married. Any real estate either owns at the time of marriage will remain that person's property in severalty, while any property attained after the wedding belongs to both of them equally. This describes what type of ownership?

1) Joint Tenancy
2) Tenancy in Common
3) Community Property
4) Sole Ownership

Answer 1

Jenny and Sam's ownership of property depends on when they acquired it. Any real estate owned at the time of marriage remains separate, while any property attained after the wedding belongs to both of them equally.

Step-by-step explanation:

Jenny and Sam's ownership of property depends on when they acquired it. Any real estate either owns at the time of marriage will remain that person's property, known as property in severalty. However, any property attained after the wedding belongs to both of them equally, which is known as community property. So, the correct answer is 3) Community Property.