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Angie Hobson, a married woman, and Todd Green, a single man, may NOT own real estate as: Select one:

a. Tenants in Common
b. Joint Tenants
c. As Remainder Devisees
d. Community Property

1 Answer

6 votes

Final answer:

Angie Hobson and Todd Green, being not married to each other, cannot own real estate as Community Property. They can own real estate as Tenants in Common, Joint Tenants, or as Remainder Devisees.

Step-by-step explanation:

Angie Hobson, a married woman, and Todd Green, a single man, may NOT own real estate as Community Property. Community property is a form of ownership by a married couple in some jurisdictions, under which most property acquired during the marriage (except for gifts or inheritances) is considered owned jointly by both spouses and is divided upon divorce, annulment, or death. Since Angie and Todd are not married to each other, they cannot hold property as community property. However, they can hold property as Tenants in Common or Joint Tenants. In a tenancy in common, co-owners own separate fractions of the property and can sell or will their individual interests independently. In a joint tenancy, co-owners own property equally with the right of survivorship, meaning that if one dies, the surviving owner automatically inherits the deceased owner's interest. They could also be As Remainder Devisees, where they hold a future interest in the property after the end of a life estate or term of years.

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