Please return test questions with your answers and write on every other line only. A and B own Blackacre as joint tenants with right of survivorship. A executes a mortgage in favor of First National Bank with respect to his interest in Blackacre.
B then dies.
In your answer, point out the conflicting positions the parties might take on this issue and the arguments each would marshall. Helen Scott and Jack Jones, a married couple, resided in Texas until September, 1984. While there, Helen, who had the greater income of the two, purchased from salary savings 1,000 shares of Texas Instruments. In 1986 Jack's father gave to them Blackacre, land which is located outside of Fayetteville. Later that year Helen used savings from her Arkansas salary to purchase both Whiteacre, which is adjacent to Blackacre, and 1,000 shares of Walmart stock.