2.2 Personal Property Flashcards

2.2 Personal Property Flashcards What type of property can one have a hard time distinguishing as real vs personal property?Mobile homes because in Texas you can file them as personal and real property What kind of plants are real property and makes them so?Trees and shrubs, because they are not cultivated annually ChattelPersonal property FixturesPersonal property that has become real property by having been permanently attached or adapted to real property.Trade FixturesItems that are installed by a commercial tenant and are removable upon termination of the tenancy.Personal PropertyAll property that is not land and is not permanently attached to land; everything that is movable.EmblementsThe crops and other annual plantings considered to be personal property of the cultivator.What is an example of a trade fixture?Chicken coop, storage shelves ServeranceA process by which real property becomes personal property.What are the 3 legal test to tell if fixture is permanent or personal -What was the intent of the parties-What was the adaptation to the article of real estate-What is the mode and permanence of the item attached Items that are installed by a commercial tenant and are removable upon the termination of the tenancy are known as...?A) EmblementsB) Trade FixturesC) ChattelD) Real Property B Personal property that has become real property by having been permanently attached or adapted to real property is known as a/an...?A) FixtureB) Trade FixtureC) EmblementsD) Chattel A Trees and shrubbery that are not cultivated annually are considered...?A) Personal propertyB) ChattelC) Real propertyD) Emblements C