Question

In the scenario involving Arianna, Kim, Pete, and Ye, which statement below is correct?

a) Arianna, Kim, and Pete are joint tenants.

b) Arianna rented the main house to Ye.

c) The net profit from renting the pool house was $90,000.

d) Arianna, Kim, and Pete are tenants in common, and Arianna independently rented the pool house to Ye.

Answer 1

The correct statement is d) Arianna, Kim, and Pete are tenants in common, and Arianna independently rented the pool house to Ye.

Step-by-step explanation:

The correct statement in this scenario is d) Arianna, Kim, and Pete are tenants in common, and Arianna independently rented the pool house to Ye. In a joint tenancy, Arianna, Kim, and Pete would have equal rights to the property, while in a tenancy in common, they each have a separate share of the property. The fact that Arianna independently rented the pool house to Ye suggests that she has the authority to do so on her own.