Exam 36: Introduction to Property: Personal Property and Fixtures

Tenant's fixtures cannot be transferred when the tenant's lease expires, and must remain with the real property.

Which of the following is true of gifts?

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

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):

The owner is entitled to the return of lost or misplaced property unless:

Which of the following is true of real and personal property?

Which of the following is an example of an intangible property?

A gift inter vivos is a gift made by someone contemplating death in the near future.

Real property is movable whereas personal property is immovable.

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

When a garage uses its paint to repaint a customer's automobile, the car owner, not the painter, is the owner of the finished product. This situation follows the general rule of:

Which of the following is true of a gift inter vivos?

The sale of personal property, but not real property, is governed by Article 2 of the Uniform Commercial Code.

To make an effective gift inter vivos or causa mortis, the law imposes three requirements. What are they?

Which of the following is an example of an agricultural fixture?

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

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

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.

The finder who knows the owner or has reasonable means of discovering the owner's identity commits _____ if she holds on to the object with the intent that it be hers.

A gift causa mortis can be revoked, while a gift inter vivos cannot.