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Personal Property and Trade Fixture Questions

Personal Property and Trade Fixture Questions

ESSAY- ID 53563633773
Type Essay
Writer Level Masters
Style APA
Sources/References 4
Perfect Number of Pages to ESSAY- 5-10 Pages
Description/Paper Instructions

Personal Property and Trade Fixture Questions

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  1. Henry recently sold his movie theater to Helma. Which of the following terms are fixtures (real property) that now belong to Helma?

 

Give reasons for your answers.

 

Seats in the auditorium

 

Computers in the office

 

Carpeting in the theater

Popcorn machine

 

Movie projector

Movie film

 

Furnace in the building

Telephones in the building

 

Mirrors in the restrooms

  1. How does real property differ from personal property?

 

  1. What is a trade fixture? List three examples…
  2. After reading the following article: New Price Music Is Coming Soon, Says Artist’s Estate Advisor (Links to an external site.).

 

Please identify which type of property the follow are:

Prince’s unreleased music hidden in the singer’s Paisley Park vault;

 

The actual vault at Paisley Park, which contains the songs; and

The Paisley Park Estate (Prince’s $10 million mansion), located in Chanhassen, Minnesota.

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