Property Ownership
In Louisiana, a 'partition by licitation' of co-owned property means:
ADividing the property physically between co-owners
BSelling the property at public auction and dividing the proceeds among the co-owners, used when physical partition is impractical✓ Correct
CGranting each co-owner a specific portion of the building
DTransferring one co-owner's share to the other by court order
Explanation
Partition by licitation involves selling co-owned property at public auction (often a sheriff's sale) and dividing the proceeds among the co-owners according to their ownership percentages — used when the property cannot be physically divided without significant loss of value.
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