Siblings Julia and Gene are co-owners of a small retail building in which a tanning salon is currently operating. Gene really wa
nts to leave his ownership interest to his son when he dies, but the way in which they own the property doesn’t allow him to do so. What type of ownership do they have?
Under Joint tenancy arrangement, there is no right of inheritance. This legal arrangement involves property ownership by two or more people, each with equal rights and obligations. When one of the owners die, his interest in the property automatically goes to the survivors with no need for court interferences.
Innovation through digitalization. In which it is expected that the products are easy and fast access, so that they can be accessed from any computer connected to an internet network. For example, online purchases and digital banks.