Property Ownership

A Virginia couple who owns property as 'husband and wife' with no other designation is presumed to hold title as:

ATenants in common
BTenants by the entirety✓ Correct
CJoint tenants with right of survivorship
DCommunity property

Explanation

In Virginia, when property is conveyed to a married couple without specifying the form of ownership, it is presumed to be held as tenants by the entirety, providing joint ownership with survivorship and creditor protection.

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