Simultaneous ownership of property by two or more people can be which of the following types?

The correct choice indicates that simultaneous ownership of property by two or more people can indeed take the form of Joint Tenancy. Joint Tenancy is a specific legal arrangement where two or more individuals hold title to a property together, and it is characterized by the right of survivorship. This means that if one owner passes away, their share of the property automatically transfers to the surviving owner(s), rather than being passed down through a will or estate.

In contrast, sole ownership refers to an individual possessing full legal title to the property, excluding simultaneous ownership. Additionally, community property specifically pertains to a marital context where property acquired during marriage is owned jointly by both spouses, rather than indicating a more general simultaneous ownership among multiple people.

Thus, Joint Tenancy represents a standard form of concurrent ownership, capturing the essential elements of simultaneous ownership with the added benefit of right of survivorship. This distinguishes it from the other options which either specify sole ownership or pertain to specific marital conditions.