Crucial Exams

Multistate Bar Examination Practice Question

Sarah, Tom, and Linda are co-owners of a vacation property. Their ownership agreement states that if any one of them passes away, their share will automatically go to the remaining co-owners. Recently, Tom unexpectedly died. What is the current ownership status of the property?

  • Sarah and Linda become joint owners of the property.

  • The property ownership reverts to the original owner from whom Sarah, Tom, and Linda acquired it.

  • The ownership is divided into separate individual shares for Sarah and Linda without any automatic transfer.

  • Tom's share is transferred to his heirs, while Sarah and Linda maintain their existing ownership percentages.

Multistate Bar Examination
Real Property
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