All of the Following Statements About Fixtures Are Correct, Except

question 12

Multiple Choice

All of the following statements about fixtures are correct, except: ______.

• A) Personal property may become a fixture by annexation to the realty.
• B) Personal property may become a fixture by adaptation to the realty.
• C) Personal property may become a fixture based on the intent of the person affixing the personal property to the realty.
• D) Personal property that is readily removable from the realty is generally a fixture.

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Definitions:

Shared Services

A model where multiple parts of an organization share resources or services to improve efficiency, effectiveness, and reduce costs.

Business Plan

A detailed document that outlines the objectives, strategies, marketing, and financial forecasts of a business.

Financing

involves providing funds for business activities, making purchases, or investing.

Small Business Development Centres

Organizations that provide support and resources to small businesses to help them grow and succeed.