Question

All of the following are one of the four unities in a joint tenancy, except:

A) Unity of Possession
B) Unity of Time
C) Unity of Title
D) Unity of Credit

Answer 1

The correct answer is D) Unity of Credit, which is not one of the four unities required for joint tenancy. The four unities are Unity of Possession, Unity of Time, and Unity of Title, all of which are essential for joint tenancy.

Step-by-step explanation:

All of the four unities in a joint tenancy are required for the creation and maintenance of the specific kind of co-ownership known as joint tenancy. These unities are:

• Unity of Possession: This means that each joint tenant has an equal right to possess the entirety of the property.
• Unity of Time: This refers to the fact that all joint tenants acquire their interest at the same time.
• Unity of Title: This implies that all joint tenants receive their interest through the same deed.

The only option listed that is not one of the unities of joint tenancy is:

• Unity of Credit: This is not required for joint tenancy, therefore, it is the correct answer.

The unities of joint tenancy are essential in ensuring that the property is owned in equal parts by all tenants, reflecting the legal nature of this form of property ownership.