Which of the following is NOT one of the legal tests used to determine whether an item is a fixture?
Correct Answer
C) Purchase price paid for the item
The three legal 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. The purchase price of an item is irrelevant to this determination and is not one of the recognized legal tests.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
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.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
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