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Bill and Mike Go in Together to Purchase 342 Acres

Question 26

Multiple Choice

Bill and Mike go in together to purchase 342 acres of land to use for hunting and family vacations. Ten years later, Bill dies and Bill's wife wants to sell his half of the land. Mike informs her that, unfortunately, she has no claim to the land and that upon Bill's death, his ownership interest transferred to Mike. What type of co-ownership did Bill and Mike have?


A) Tenancy by the entireties
B) Tenancy in common
C) Joint tenancy
D) Condominium

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