Property OwnershipQuestion 5 of 120
In California, property acquired by either spouse during marriage, other than by gift or inheritance, is generally presumed to be:
a.Separate property
b.Joint tenancy property
c.Community property
d.Property in severalty
Explanation
California is a community property state, so earnings and assets acquired by either spouse during marriage are presumed owned equally by both. Property owned before marriage or received by gift or inheritance remains separate. Each spouse generally has an equal, undivided one-half interest in community property.
Law Reference: CA Family CodePractice all 120 questions free — no signup required.
Related questions on this topic
- An estate that lasts only for the duration of a named person's life is best described as a:
- The key characteristic that distinguishes joint tenancy from tenancy in common is the:
- Two unrelated investors buy a property together holding unequal fractional shares with no right of survivorship. They own as:
- An easement appurtenant benefits a parcel of land. The parcel that receives the benefit is called the:
- A utility company's right to run power lines across many parcels, benefiting no particular parcel of land, is an example of an:
- Which statement best describes the relationship between encumbrances and liens?
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against California DRE Real Estate Salesperson License Exam · How we review