Marcross and two business associates own real property as tenants in common that they have invested in as a speculation. The speculation proved to be highly successful, and the land is now worth substantially more than their investment. Which of the following is a correct legal incident of ownership of the property?
- Upon the death of any of the other tenants, the deceased’s interest passes to the survivor(s) unless there is a will.
- Each of the cotenants owns an undivided interest in the whole.
- A cotenant cannot sell his interest in the property without the consent of the other tenants.
- Upon the death of a cotenant, his estate is entitled to the amount of the original investment, but not the appreciation.