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Mary Wants to Buy an Apartment in a Building That

Question 51

Multiple Choice

Mary wants to buy an apartment in a building that is owned by ABC Corporation.Mary then purchases stock in ABC Corporation and holds her apartment under a proprietary lease.Under which ownership has Mary acquired title to such an apartment?


A) Condominium Ownership
B) Co-ownership in form of tenancy in partnership
C) Ownership acquired by gift
D) Cooperative Ownership

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