Discuss whether each of the following would be fixtures or ...

[ashley]

Discuss whether each of the following would be fixtures or personal property. a. Sign on store premises (purchased by tenant) b. Wallpaper in a store (installed by tenant) c. Microwave ovens in a restaurant

Question 2

If two creditors have a security interest in the same collateral, their priority is determined according to the last in-first out provision.
  Indicate whether the statement is true or false

[Cnarkel]

Answer to Question 1

a. Trade fixture; tenant must repair any removal damage
b. Tenant trade fixture, but removal would cause more damage than cost of wallpaper

c. Trade fixtures

Answer to Question 2

FALSE