Multiple choice

Ownership of property by one person alone

  1. Sole Proprietorship

  2. Accession

  3. Severalty

  4. Community Property
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Ownership in severalty occurs when property is owned by one person or a single legal entity alone, severed from any other owners. Although sole proprietorship is a business owned by one person, the specific legal term for individual property ownership is tenancy in severalty. Accession refers to acquiring property by adding to it, and community property involves joint ownership by spouses.

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