Property OwnershipFixturesMEDIUM
Which of the following is NOT a factor used to determine whether an item is a fixture?
Correct Answer
C) Purchase price of the item
The three traditional tests for determining whether an item is a fixture are: (1) method of attachment — how permanently the item is affixed; (2) adaptation — whether the item was custom-fitted or designed for the property; and (3) intent of the installing party — whether they intended the item to become a permanent part of the real estate. The purchase price of the item is irrelevant to this determination.
Answer Options
A
Method of attachment to the propertyB
Adaptation of the item to the property's useC
Purchase price of the itemD
Intent of the party who installed the itemWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Property Ownership Question
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Background Knowledge for Property Ownership
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Real World Application in Property Ownership
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Common Mistakes to Avoid on Property Ownership Questions
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Related Topics & Key Terms
Related Topics:
trade fixturespersonal propertyreal propertypurchase agreement inclusionstenant improvements
Key Terms:
fixturemethod of attachmentadaptationintentpersonal propertytrade fixture
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