Norman owns property as tenants in common with his brother James. Norman has a 30% interest and Norman has a 70% interest.Which of the following statements are correct?I. During Norman's lifetime he can sell or transfer his 30% interest to anyone of his choosing.II. At the death of James he may leave his 70% interest to anyone through his will.A)Neither I nor IIB)II onlyC)Both I and IID)I only

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19-12-2022
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Norman owns property as tenants in common with his brother James. Norman has a 30% interest and Norman has a 70% interest.Which of the following statements are correct?I. During Norman's lifetime he can sell or transfer his 30% interest to anyone of his choosing.II. At the death of James he may leave his 70% interest to anyone through his will.A)Neither I nor IIB)II onlyC)Both I and IID)I only

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Question 18 plz help <3

akankshasharma92 akankshasharma92 · Answer 1 · 2022-12-22T17:39:46+01:00

(c) Both I and II are correct. Norman owns property as tenants in common with his brother James. Norman has a 30% interest and Norman has a 70% interest.

Property refers to everything that a person or organization has legal title to and that grants owners certain enforceable rights over. Automobiles, business equipment, furniture, and real estate are a few examples of property, which can be either physical or intangible. The last of these is frequently referred to as real property. The majority of properties have either present or future financial worth, making them assets. However, under rare circumstances, properties can also constitute liabilities. As an illustration, the owner of the business could be held legally liable for covering the injured party's medical expenditures if they were hurt while on the premises.

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