Co-ownership of property by husbands and wives that is similar to a joint tenancy, except that the spouses cannot separately transfer their interests in the property during their lifetimes, is called

A) a tenancy in common.
B) a joint tenancy.
C) community property.
D) a tenancy by the entirety.

Tenancy By The Entirety

A form of joint property ownership that is available only to married couples, where each owns an undivided interest in the property, and upon death, the surviving spouse gains full ownership.

Community Property

A legal system of property ownership typically in effect between spouses, where assets acquired during the marriage are owned jointly.

Joint Tenancy

A form of legal co-ownership of property where co-owners have an equal share and the right of survivorship, meaning that upon the death of one owner, their share automatically passes to the remaining co-owners.