The Joint tenants with the right of survivorship is one the type of ownership considered as owned 50-50 and passed automatically to spouse at death.
A joint tenancy is when there is concurrent ownership on the property where the tenant enjoys the right of survivorship.
- The survivorship right means that when one of the co-owner dies, the right of the property will automatically pass to the surviving co-owners
Hence, the Option C is correct because the Joint tenants with the right of survivorship is one the type of ownership considered as owned 50-50 and passed automatically to spouse at death.
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