Author Question: When there is a dispute over whether an item is a fixture or personal property, which of the ... (Read 72 times)

robinn137 · **on:** Jun 24, 2018

When there is a dispute over whether an item is a fixture or personal property, which of the following statements is correct?
A) When the dispute is between an insurer and a homeowner over whether property destroyed in a fire was covered real property or personal property, the courts favor the insurer.
B) When the dispute is between a tenant and a landowner over whether something the tenant has done to the leased premises is a fixture, the courts favor the landlord.
C) When the dispute is between a buyer and a seller over whether an item is real property and passes with the land, the courts favor the seller.
D) The courts do not favor parties in fixture litigation; only degree of attachment controls.

Question 2

Security agreements allow for blanket descriptions of collateral that do not provide specific details on the specific type of collateral involved.
Indicate whether the statement is true or false