prop2
Terms
undefined, object
copy deck
- Does JT have a right to partition?
- Yes
- What is preferred by law? JT or TIC?
- TIC
- What are the four unities for JT?
-
Possession - each tenant has a right to possess the whole
Interest- same duration and same amount of interest
Title- created by same instrument
Time- all tenants should get at same moment - what happens if one of the unities is destroyed?
- severance of JT and changes to TIC (rt of survivorship goes away)
- what kind of language is needed for JT?
- very specific- "as JT with right of survivorship"
- What happens when one JT kills another?
-
slayer statutes-
1) get everything
2) get half TIC
3) get nothing - In ga, what happens when one JT dies?
- goes to estate not other JT.
- Does TIC have a right of survivorship?
- No
- Is TIC inheritbale or devisable?
- Both
- What does modern law presume? TIC or JT?
- TIC
- Can you convey TIC interest?
- Yes grantee becomes another TIC.
- "Jointly and severally"
- Court saw it was TIC- Smith thinks its too technical.