Concurrent Ownership Titles

Question 1

Co-Tenant

Answer 1

Right to use and possess the entire property

Question 2

Tenancy in Partnership

Answer 2

cotenancy used by individuals who want to jointly own and manage a business

Question 3

Severed Joint Tenancy happens when

Answer 3

When one joint tenant transfers their interest

Question 4

Tenancy in Common

Answer 4

Different from joint tenancy b/c there is no right of survivorship - different time and title (assume JT severed)

Question 5

Probate

Answer 5

judicially supervised process for administering the estate of a decedent. Costly endeavor for distributing assets that can take months.

Question 6

jus accrescendi

Answer 6

right of survivorship - an expectancy and not irrevocably fixed upon creation of the estate

Question 7

Partition Judgment

Answer 7

When cotenants want to part ways - PJ ends CT and distributes its assets.

Question 8

Partition

Answer 8

Division of land held in cotenancy into the cotenants respective fractional shares p. 388 (Ark)

Question 9

Ouster

Answer 9

When a cotenant in possession refuses to allow another cotenant to occupy the property.

Question 10

Accounting

Answer 10

Equitable action in which a cotenant seeks to obtain his share of the rents or profits generated by the property.

Question 11

Contribution Action

Answer 11

When a cotenant seeks reimbursement form her cotenants for expense she has paid for the operation or maintenance of P

Question 12

Palimony Action

Answer 12

A court’s award of post-relationship support or compensation for services, money, and goods contributed during a long-term nonmarital relationship.

Question 13

Jure uxoris

Answer 13

Upon marriage, woman loses her rights to property and everything is by way of the man to manage the P

Question 14

Accounting

Answer 14

an equitable action in which a cotenant seeks to obtain his share of the rents or profits gener-
ated by the property

Question 15

Contribution Action

Answer 15

a cotenant seeks reimburse-

ment from her cotenants for expenses she has paid for the operation or maintenance of the property.

Question 16

Jure uxoris

Answer 16

“By the right of my wife” - Upon marriage, the wife’s status changed from a feme sole to a feme covert.

Question 17

Feme sole

Answer 17

a single woman who had the right to own property

Question 18

Feme covert

Answer 18

a “covered” woman who had no legal rights distinct from those of her husband

Question 19

Widow Dower

Answer 19

In CL, when the husband died first, the widow a life estate in 1/3 of all the freehold land which was (a) owned by her husband and (b) inheritable by his issue.

Question 20

Tort Judgment Creditor

Answer 20

When a tort victim is involuntarily a creditor by judgment

Question 21

Income Producing Enterprise

Answer 21

Example is Professional Degree

Question 22

Threshold Marriage

Answer 22

When a couple has no other invested asset and their education could become a P that can be distributed (clarify)

Question 23

Putative Spouse

Answer 23

GF belief that they are married but in reality they are not.

Question 24

Putative Spouse

Answer 24

GF belief that they are married but in reality they are not.

Question 25

Undivided right

Answer 25

each tenant has to right to possess the whole

Question 26

partition

Answer 26

the division of the land held in cotenancy into the cotenants’ respective fractional shares

Question 27

partition

Answer 27

the division of the land held in cotenancy into the cotenants’ respective fractional shares

Question 28

Partition in Kind

Answer 28

the preferred method of partition because it leaves cotenants holding the same estates as before and does not force a sale on unwilling cotenants p. 388

Question 29

Ouster

Answer 29

when a cotenant in possession reuses to allow another cotenant to occupy the property

Question 30

Ouster

Answer 30

when a cotenant in possession refuses to allow another cotenant to occupy the property

Question 31

Accounting

Answer 31

an equitable action in which a cotenant seeks to obtain his share of the rents or profits generated by the property

Question 32

contribution action

Answer 32

a cotenant seeks reimbursement from her cotenants for expenses she has paid for the operation or maintenance of the property.

Question 33

contribution action

Answer 33

a cotenant seeks reimbursement from her cotenants for expenses she has paid for the operation or maintenance of the property.

Question 34

Dower

Answer 34

for a widow, a life estate in 1/3 of all the freehold land which was (a) owned by her husband and (b) inheritable by his issue. Marital estate law from England. System for the noble and wealthy.