Real Estate – Air School Of Thoughts

Question

A corporation is prohibited from holding title to real property in California with anyone as a joint tenant because:

Selections

A. It is a violation of the Securities Act

B. Of its perpetual existence

C. It is difficult to list all stockholders in the deed

D. A corporation cannot hold title to real property

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Question

Charles died intestate and left a $60,000 estate but no heirs. His estate would:

Selections

A. Revert to the state

B. Escheat to the county

C. Be held for five years by the state and then revert to the county

D. Be given to a charitable organization

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