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1. Which of the following statements is/are not correct?,I. Outright ownership of property is very complicated.,II. It is not important to know how property is owned when planning an estate.,III. With a tenancy-in-common, on the death of the first owner, the surviving owner automatically inherits the decedent’s property interest. ,IV. A tenancy-by-the-entirety only exists between non-spouses. ,,A. II only,B. II and IV,C. IV only,D. I, II and III,E. I, II, III and IV,