A community property state is community property


1. A joint tenancy with the right of survivorship can be created by a deed or a will.

       True
       False

2. Property acquired by a spouse by gift in a community property state is community property.

       True
       False

3. Which of the following is not one of the unities required for a joint tenancy with right of survivorship?

  • interest
  • possession
  • contribution
  • time

4. Each owner under a joint tenancy with right of survivorship owns an equal undivided interest in the property.

       True
       False

5. Property owned by a spouse before marriage in a community property state becomes community property at the time of marriage.

       True
       False

6. The survivorship feature of a joint tenancy with right of survivorship can be terminated by the parties.

       True
       False

7. A common owner cannot waive his or her right to partition. (Points : 2)

       True
       False

8. It is possible in a tenancy in common that the owners may hold unequal shares in the property.

       True
       False

9. The debts of a single common owner are unenforceable against the owner's interest in the common property.

       True
       False

10. Property owned by a spouse before marriage in a community property state is separate property.

       True
       False

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Business Law and Ethics: A community property state is community property
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