Asked by Ariana Rodriguez on Sep 30, 2024
When personal property is used in conjunction with real property in such a way as to be treated as part of the real property,it is known as a ________.
A) consideration
B) gift
C) fixture
D) bailment
Real Property
An area of law that deals with land and anything permanently affixed to the land, like buildings, which has stark distinctions from personal property.
Personal Property
Personal property is a category of property that includes movable items and possessions, as opposed to real property such as land or buildings.
Fixture
A thing that was originally personal property and that has been actually or constructively affixed to the soil itself or to some structure legally a part of the land.
- Distinguish between tangible and intangible assets.
Learning Objectives
- Distinguish between tangible and intangible assets.
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