Roy and Sally take title to a Tacos Caliente restaurant in such a way that if one dies,the other will be the sole owner.They own the restaurant as
A)co-owners in fee simple.
B)joint tenants.
C)co-owners of a life estate.
D)tenants in common.

Question

Roy and Sally take title to a Tacos Caliente restaurant in such a way that if one dies,the other will be the sole owner.They own the restaurant as​
A)co-owners in fee simple.
B)joint tenants.
C)co-owners of a life estate.
D)tenants in common.

Quizplus · Accepted Answer

Roy and Sally own the restaurant as joint tenants, which means that they have equal shares and if one of them dies, the ownership automatically transfers to the surviving joint tenant. This is a common way for spouses or business partners to hold property together, and it avoids the property going through probate in the event of one owner's death.

Roy and Sally Take Title to a Tacos Caliente Restaurant