Asked by Tiara Singleton on Jun 13, 2024
Verified
Personal property can be converted into real property by being permanently attached to it.
Personal Property
refers to movable items owned by an individual or entity, as opposed to real property which includes land and buildings.
Real Property
Land and anything permanently affixed to it, such as buildings or trees, considered as a legal entity.
Converted
Changed or transformed in form, character, or function.
- Identify the conditions under which personal property may be converted into real property or vice versa.
Verified Answer
LM
La Mont Hurt Jr.Jun 19, 2024
Final Answer :
True
Explanation :
Personal property can become real property through a process called "affixation" or "fixture," where it is permanently attached to the land or buildings, making it part of the real property.
Learning Objectives
- Identify the conditions under which personal property may be converted into real property or vice versa.