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Al Jones, Harold Murphy, and Josh Hagstrom are joint tenants owning a parcel of land. Hagstrom conveys his interest to his friend, Willy Phillips. After the conveyance, Jones and Murphy__________.

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User Ruxandra
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4 votes

Answer:

The correct answer is: remain joint tenants and become tenants in common with Phillips.

Step-by-step explanation:

Conveyance is the act of transferring property from one party to another. It is formalized by a document under the same name in which the information of the buyer and the seller and the property being transferred is specified. The term is mostly used in real state.

In the example, after Josh Hagstrom transfers his part of the land to Willy Phillips, Phillips becomes tenant with Al Jones and Harold Murphy whose ownership on the parcel remain intact.

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User Tom Shaw
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