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Author Question: Discuss whether each of the following would be fixtures or personal property. a. Sign on store ... (Read 123 times)

ashley

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on: Jun 24, 2018
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

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Reply #1 on: Jun 24, 2018
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


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