Exam 29: Introduction to Property: Personal Property and Fixtures

For an object to be considered a fixture,it must be annexed or affixed to the real property.

Transfer of real property usually takes place without any documents at all.

A _____ gift is made by someone contemplating death in the near future.

The general rule of accession is that when goods are added to goods,the owner of the principal goods becomes the owner of the enhanced product.

Which of the following is an example of tangible property?

A contract for sale or for testamentary transfer will consider a stove bolted to the floor of a kitchen and connected to the gas lines to be an):

Tenant's fixtures must be removable without causing substantial damage to the landlord's property.

A steamroller is an example of a tangible property.

A _____ is a voluntary transfer of property without consideration or compensation,which takes effect immediately,upon preparation of the documents.

A fixture is an object that was once personal property but that has become so affixed to land or structures that it is considered legally a part of the real property.

Which of the following is true of gifts?

The finder of lost property is said to be a quasi-bailee for the true owner.