Two or more with rights to possess the whole property

• A. Tenancy in Common
• B. Concurrent Ownership
• C. Sole Ownership
• D. License

Answer: (B)

Concurrent ownership describes a situation where two or more people own property together with the right to possess the entire property. It’s the broad category that covers any arrangement where multiple owners can use the whole property, not just a specific portion. This includes joint tenancy, tenancy in common, and tenancy by the entirety, all of which grant undivided possession to each owner.

The other options don’t fit as well. Sole ownership is one person only, so it can’t be two or more owners. A license isn’t ownership at all—it’s permission to use the property and doesn’t convey the right to possess the property. Tenancy in common is a form of concurrent ownership, but naming it specifically is narrower than the general concept being tested.