Texas Principles of Real Estate 1 Chapter 11

Property acquired by husband and/or wife during a marriage when not acquired as the separate property of either spouse is known as...?

Community Property

Co-ownership in a property can be terminated by which of the following...?

Foreclosure

A joint tenancy is terminated when which of the following ceases to exist...?

Interest, Possession, Title

This business structure combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation...?

Limited Liability Company

How is ownership in a community property between a husband and wife divided...?

Ownership is divided equally among the owners

A division of real or personal property or the proceeds therefrom among co-owners is known as...?

Partition

The right of a surviving tenant or tenants to succeed to the entire interest of the deceased tenant is known as...?

Right of survivorship

Property owned by one person only is referred to as...?

Severalty Ownership

An ownership of realty by two or more persons, each of whom has an undivided interest, without the "right of survivorship" is known as...?

Tenancy in Common

Which of the of the following unities is required to create a joint tenancy...?

Time, Title, and Interest