The Rameys Are Selling Their Home

question 44

Essay

The Rameys are selling their home.They did not set forth in the sales agreement whether the washer and dryer,the draperies,and a cherry corner cabinet that was in the dining room were to be included in the sale or whether they were planning to take these items with them.The buyers are claiming these items are fixtures and should stay with the house.The Rameys are claiming they are movable goods and they should not be part of the real estate which was sold.Define "fixtures," identify the tests used to determine whether an item is a fixture,and explain whether you think each of the contested items is a fixture and why or why not.

---

Definitions:

Administrative Expenses

Costs related to the general operation of a business, including expenses such as office supplies, salaries of non-sales personnel, and rent.

Employee Claims

Rights or demands made by workers against their employer for various benefits, compensation, or acknowledgments of rights or wrongs.

Unpaid Taxes

Taxes that are owed to the government but have not been paid by the due date.

Customer Deposits

Funds paid in advance by customers for goods or services that have yet to be delivered or performed.