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Mary and Paul Are Married and Living in a Home

Question 54

Multiple Choice

Mary and Paul are married and living in a home that they purchased shortly after their marriage approximately three years ago. Title to the property is in their names as joint tenants. Mary needs some money to make certain purchases and they both decide that Mary can obtain a loan from the bank and give the bank a mortgage over her share of the home as security for the loan. This will amount to


A) right of survivorship.
B) transfer of assets.
C) severance.
D) dower.
E) reversion.

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