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What is a party wall?

  1. A temporary structure

  2. A boundary without legal standing

  3. Shared ownership of a wall

  4. An illegal construction

The correct answer is: Shared ownership of a wall

A party wall is a shared wall between two adjoining properties. Option A is incorrect because a party wall is a permanent structure rather than temporary. Option B is incorrect because a party wall is recognized by law and has legal standing. Option D is incorrect because a party wall is a legal and often necessary construction for adjoining properties, as it serves as a boundary and offers structural support.