short answer questions 44

1. Henry recently sold his movie theater to Helma. Which of the following terms are fixtures (real property) that now belong to Helma?

Give reasons for your answers.

  • Seats in the auditorium
  • Computers in the office
  • Carpeting in the theater
  • Popcorn machine
  • Movie projector
  • Movie film
  • Furnace in the building
  • Telephones in the building
  • Mirrors in the restrooms

2. How does real property differ from personal property?

3. What is a trade fixture? List three examples…

4. After reading the following article: New Price Music Is Coming Soon, Says Artist’s Estate Advisor (Links to an external site.).

Please identify which type of property the follow are:

  • Prince’s unreleased music hidden in the singer’s Paisley Park vault;
  • The actual vault at Paisley Park, which contains the songs; and
  • The Paisley Park Estate (Prince’s $10 million mansion), located in Chanhassen, Minnesota.

Your answer should identify whether each of the above listed items are Real Property, Tangible Personal Property; or Intangible Personal Property; and explain your answer.

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.