Carol and Dave purchase a property as joint tenants. Carol decides to sell her interest in the property to Eve without Dave's consent. What is the effect of Carol's sale on the tenancy?
The joint tenancy is terminated, and Carol's interest becomes a tenancy in common held by Eve and Dave.
Eve becomes a tenant by the entirety with Dave.
The joint tenancy remains intact, and Eve becomes a joint tenant with Dave.
The joint tenancy converts to a tenancy in common maintained by Carol and Dave.
When a joint tenant transfers their interest, the joint tenancy is terminated and converted into a tenancy in common. Eve becomes a tenant in common with Dave. The correct answer reflects this change, while the other options incorrectly assume the joint tenancy remains intact or incorrectly categorize the new tenancy.
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