Fixtures Flashcards
fixture def
a chattel that has become so connected to RP that a disinterested observer would consider the chattel to be part of the realty
a chattel becomes a fixture when it is ___
whether it is a fixture is a q of
annexed to the land
fact, judged objectively according to a reasonable pers standard
a K for sale of a structure to be removed from realty is governed by
UCC
trade fixtures
may be removed during tenancy
must be removed within reasonable time after the lease ends
B purchases an item from S on credit.
B grants S a security interest in the item.
B affixes the item to her prop.
Her prop is encumbered by a previously executed mortgage.
when will the security interest have priority?
if seller perfects his interest by a fixture filing within 20d of B affixing the item to her land