Paralegal Law Practice Questions and Verified Answers Latest Update 2024/2025 | 100% Correct| Grade A+

Paralegal Law Practice Questions and Verified Answers Latest Update 2024/2025 | 100% Correct| Grade A+ The Statute of Frauds requires that certain contracts be in writing. True Personal property consists of a person's privately owned property whereas real property consists of business equipment. False, Personal property consists of a person's privately owned property whereas REAL PROPERTY consists of LAND or REAL ESTATE. This is covered on page 474. A house is an example of real property. True. A house is real estate, built on land. The trees and plants growing on land are considered real property, but when they are cut or harvested they become personal property. True. The most important difference between a joint tenancy and a tenancy in common is that upon a joint tenant's death the deceased person's share passes to his or her heirs. False. The most important difference between a joint tenancy and a tenancy in common is that upon a joint tenant's death the deceased person's share passes to THE SURVIVING JOINT TENANT.