Taylor is reviewing fixture analysis for the September 2026 exam. All of the following are commonly considered when deciding whether an item is a fixture EXCEPT.
Correct Answer
D) The original purchase price of the item
Fixture analysis turns on the relationship between the item and the real estate: how the item is attached, whether it has been adapted to the property's use, the parties' objective intent that it remain, and any agreement between them. What the item cost when it was bought is not one of those factors. An inexpensive item bolted into the structure can be a fixture, while a costly freestanding item remains personal property, so price is the choice outside the standard analysis.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
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