LP-1

Question 1

Tangible property

Answer 1

Property that can be touched or felt

Question 2

Fixture test

Answer 2

MARIA

Method of attachment
Adoption to the Realty
Relationship of the parties
Intention of the annexor
Agreements in writing

Question 3

Trade fixtures

Answer 3

Trade fixtures generally remain personal property and may be removed by the tenant unless there is a contrary provision in the lease or less the fixtures have become an integral part of the land or improvements

Question 4

Physical characteristics of real property

Answer 4

Immobility
Indestructibility
Uniqueness

Question 5

Economic characteristics of real property

Answer 5

Scarcity
Improvements
Permanence of investment
Area preference