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Ch 24 Assignment
Q 1. What is a fixture, and how does it relate to real property rights?
2. What is the difference between a joint tenancy and a tenancy in common?
3. What are the requirements for acquiring property by adverse possession?
1. A fixture, as a lawful idea, implies any actual property that is for all time connected (fixed) to genuine property (generally land). Property not appended to genuine property is viewed as asset property. Apparatuses are treated as a piece of genuine property, especially on account of a security interest. An exemplary illustration of an installation is a structure, which, without language to the opposite in an agreement of offer, is viewed as a component of the land itself and not a different bit of property (Graff & McKevitt, 2013). As a rule the test for choosing whether an article is an apparatus or a property turns on the motivation behind connection. In the event that the intention was to improve the land the article is likely an apparatus. The portrayal of property as an apparatus or as asset is significant. For instance, most home loans contain a statement that prohibits the borrower from eliminating or annihilating apparatuses on the property, which would bring down the estimation of the security.