Business Law

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You have been married to your partner for 10 years. With the housing market being a red-hot buyer’s market, you and your partner have decided to purchase your first home. You live in California, and you are thrilled that housing prices have finally come into the range of a payment you can afford.

Prepare a 1-page report in which you do the following:

  • Discuss the types of concurrent ownership options available to you and your partner in the purchase of your first home.
  • Discuss the following types of ownership and how each type would apply to you as a married couple:
    • Joint tenancy
    • Tenancy in common
    • Tenancy by the entirety
    • Community property
  • Discuss, in detail, the following:
    • The benefits of each type of ownership
    • The options available to the owners upon the death of either party

     

    1-page (Word file) report

Please submit your assignment. 

Grading Criteria

Discuss joint tenancy, and discuss whether this would be an appropriate type of ownership for you and your partner.

25%

Discuss tenancy in common, and discuss whether this would be an appropriate type of ownership for you and your partner.

25%

Discuss tenancy by the entirety, and discuss whether this would be an appropriate type of ownership for you and your partner.

25%

Discuss community property, and discuss whether this would be an appropriate type of ownership for you and your partner.

15%

Use proper formatting for your assignment and references.

10%

For assistance with your assignment, please use your text, Web resources, and all course materials.

    • 8 years ago
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