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8 Cards in this Set
- Front
- Back
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what is intanigble personal property?
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cannot be touched (trademarks, copyright, patents, stocks, bonds)
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what is another name for intangible personal property?
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Chose in action
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what is another name for tangible personal property?
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A chattel or chose in performance
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what is a fixture?
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personal property that has become attached to the prop. that is considered part of it (light fixtures)
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What is the intention test and what is included in it?
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did the party intend this to be a fixture? Use the attachemnt test and the adaptation test
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what is the attachment test?
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or annexation test: if the personal property is attached and cannot be removed w/o substantial damage
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what is the adaptation test?
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light fixtures, dorrs, door knobs,etc these items are so adapted to the use of property that it is expected
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What is a trade fixture?
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this is the exception: when one is renting commercial prop. an attached item can be removed b/c they are a trade fixture
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