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Question \#13 of 60 Which is considered personal property? A) None of these B) Fixture C) Trade fixture D) Permanently attached bathtub

Ask by Klein Black. in the United States
Feb 24,2025

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The answer is C) Trade fixture.

Solution

The answer is C) Trade fixture. Explanation: - A fixture is normally considered part of the real property because it is permanently attached. - A permanently attached bathtub is also considered real property because it is fixed in place. - A trade fixture, on the other hand, is equipment customarily used in a business or trade that is affixed to the property, but is considered personal property because it is removable without causing significant damage. - "None of these" is incorrect because one of the options (trade fixture) is a correct example of personal property.

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Bonus Knowledge

When it comes to personal property, it generally refers to movable items that you can own and take with you, unlike real estate which is fixed. Items like furniture, electronics, and even your beloved collection of vinyl records fall under this category. So, think of personal property as anything you could pack up and take with you if you're moving! For those in the real estate game, distinguishing between personal property and fixtures can save a ton of headaches. A fixture, like a permanently attached bathtub, is considered part of the property. However, trade fixtures—like specialized equipment used in a business—can often be removed. Remember, if it's bolted down, it's probably part of the real estate!

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