Tennessee Real Estate Exam Practice Question
The sale or pledge for security of property held in tenancy by the entirety requires
Correct Answer: C
Rationale: In tenancy by the entirety, both spouses share equal ownership, making their consent essential for any action involving the property. Thus, the signatures of both owners are required for a sale or pledge to be valid.
Option A is incorrect because property can be encumbered yet still be sold or pledged with proper consent. Option B is misleading; while a fair exchange is generally important in transactions, it is not a requirement specific to tenancy by the entirety. Option D is also incorrect; suing for partition is a separate legal action that does not pertain to the sale or pledge of property held in this form of ownership.
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