Co-Ownership: ConCurrent Estates

Question 1

Joint tenancy

Answer 1

two or more with the right of survivorship, it is alienable but not descendible nor devisable

Question 2

Right of survivorship

Answer 2

when one joint tenant dies, her share passes automatically to surviving joint tenant

Question 3

Creating Joint Tenancy : T-TIP

Answer 3

Same time, same title, interests and rights to Posses the whole

Question 4

Severance of Joint Tenancy

Answer 4

SPAM: Sale, Partition, Agreement, and Mortgage

Question 5

Severance and Mortgage

Answer 5

Minority - Title theory - > giving a creditor a lien, is considrered to transfer title of encumbered shares to creditor
Majority - Lien Theory -> reasonable expectations : one co-owners shares to creditor doesnt sever only imposes a lien on a share