Exam 36: Introduction to Property: Personal Property and Fixtures

The three types of tenant's fixtures remain personal property and may be removed by the tenant if three conditions are met. What are they?

Gifts under the Uniform Transfers to Minors Act are limited for the most part to money or securities, while the Uniform Gifts to Minors Act allows gifts such as real estate.

Which of the following refers to an object that was once personal property but that has become so attached to land or structures that it is considered legally a part of the real property?

Tangible property is something without physical reality that entitles the owner to certain benefits.

A tenant's fixture can be removed by the tenant when he leaves the property only if:

Sometimes, the personal property of one individual is intermingled, negligently or intentionally, with the personal property of another. This is known as:

A steamroller is an example of a tangible property.

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

For tax purposes, fixtures are treated as personal property.

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.

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

Which of the following is an example of tangible property?