Personal Property

Question 1

What factors are used to determine if personal property is considered a fixture?

Answer 1

1) Affixer’s intent
2) method and permanence of attachment
3) whether personal property is necessary to use the real property

Question 2

When an owner mislays personal property and forgets to take it

Answer 2

1) finder does not take title

2) owner is a caretaker until original owner come back

Question 3

In a case of Lost property (involuntarily left)

Answer 3

Finder obtains title unless original owner reclaims it

Question 4

In a case of Abandoned property

Answer 4

Finder obtains title no matter what

Question 5

A property is considered abandoned

Answer 5

if the owner discards it with no intentions of keeping it