Uri and Veda each own one-half of Wind Power, an alternative energy products company, as a tenant in common.Uri sells his interest to Xavier, who now owns
A)no interest in the firm.
B)the firm in fee simple.
C)the firm with Veda as joint tenants.
D)the firm with Veda as tenants in common.

Question

Quizplus · Accepted Answer

As a tenant in common, Uri could sell his interest in the company to Xavier, who would then become a new tenant in common with Veda. Therefore, Xavier now owns half of the company as a tenant in common with Veda.

Uri and Veda Each Own One-Half of Wind Power, an Alternative