Tom, Dick and Harry are accounting students at a Sydney university. They all come from the country, and need to live close to the city as they are full-time students. They decide to rent a three-bedroom house close to the university advertised by Inner City Real Estate, who insist that they sign a lease and pay the bond money before the key is handed over.  State whether the following statements are true or false, briefly explaining your reasons why. a) Tom, Dick and Harry are owners of the house b) Tom, Dick and Harry are in possession of the house

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Tom, Dick and Harry are accounting students at a Sydney university. They all come from the country, and need to live close to the city as they are full-time students. They decide to rent a three-bedroom house close to the university advertised by Inner City Real Estate, who insist that they sign a lease and pay the bond money before the key is handed over.  State whether the following statements are true or false, briefly explaining your reasons why.
a) Tom, Dick and Harry are owners of the house
b) Tom, Dick and Harry are in possession of the house
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