Q:
Among the following property ownership arrangements, which may be entered into by spouses only?

I. Community property
II. Limited partnerships
III. Tenancy in Common
IV. Tenancy by the entirety
(a) II and III only
(b) I and IV only
(c) I and III only
(d) III and IV only

A:
The correct answer is b):
Tenancy by the entirety and Community property are ownership arrangements that can only be between husband and wife. Partnerships and Tenancy in Common can have an unlimited number of participants.

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RELATED TERMS
  1. Joint Owned Property

    Any property held in the name of two or more parties. The two ...
  2. Tenancy By The Entirety

    A type of concurrent estate in real property that is unique in ...
  3. Tenants By Entirety - TBE

    A method in some states by which married couples can hold the ...
  4. Tenancy At Will

    A tenancy agreement where a tenant occupies property with the ...
  5. Tenancy In Common

    A way for two or more people to have equal ownership interests ...
  6. Tenancy At Sufferance

    An agreement in which a property renter is permitted to live ...

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