Prepare for the ATT Law Exam. Practice with multiple choice questions, each providing hints and explanations. Be well-prepared for exam day!

Multiple Choice

Which form provides survivorship rights?

Survivorship occurs when one owner's death transfers their interest automatically to the other co-owners, without it passing through the deceased's estate. In joint tenancy, this right of survivorship is inherent: all owners have unity of possession, interest, title, and time, so when one person dies, their share extinguishes and the surviving joint tenants immediately acquire the deceased's share. This means the deceased’s interest does not go to heirs or through probate. Tenants in common do not have this feature. Each owner holds a defined share that can be unequal and can be disposed of by will or by succession, so there is no automatic transfer to other owners on death. A leasehold is a lease arrangement rather than a form of ownership, so survivorship rights don’t apply in the same way. Mixed ownership isn’t a standard form that guarantees survivorship. Therefore, the form that provides survivorship rights is joint tenancy.

Survivorship occurs when one owner's death transfers their interest automatically to the other co-owners, without it passing through the deceased's estate. In joint tenancy, this right of survivorship is inherent: all owners have unity of possession, interest, title, and time, so when one person dies, their share extinguishes and the surviving joint tenants immediately acquire the deceased's share. This means the deceased’s interest does not go to heirs or through probate.

Tenants in common do not have this feature. Each owner holds a defined share that can be unequal and can be disposed of by will or by succession, so there is no automatic transfer to other owners on death. A leasehold is a lease arrangement rather than a form of ownership, so survivorship rights don’t apply in the same way. Mixed ownership isn’t a standard form that guarantees survivorship.

Therefore, the form that provides survivorship rights is joint tenancy.