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 primary tests for determining whether an item is a fixture are: (1) method of Attachment, (2) Adaptation to the property, and (3) Intent of the installer (remembered as AIR or MAI). The purchase price of an item is irrelevant to whether it is classified as a fixture or personal property.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
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