the co-ownership?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A, B, C, D, and E are all co-owners of a property. May E sell his portion of the co-ownership?
A. Yes. E may sell his portion because it can be made determinate upon the termination of the co-ownership.
B. Yes. E may sell the property because there is no showing that the co-ownership is valid.
C. No. E must first ask permission from the other co-owners because he will be disposing a portion of the co-owned property.
D. No. The object of the sale cannot be determined because the property cannot be divided while the co-ownership exists.
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