When Deciding Whether an Item Is a Fixture or a Fitting

question 45

Multiple Choice

When deciding whether an item is a fixture or a fitting, which of the following factors is the Court least likely to consider?

• A)The intention of the person who attached the object to the land or building.
• B)How easily the objects can be removed.
• C)The cost of the item.
• D)Whether substantial damage would be caused by the object's removal.

---

Definitions:

Common Stock

A type of equity security representing ownership in a corporation; holders may receive dividends and have voting rights at shareholders' meetings.

$1 Par Value

The nominal or face value assigned to a share of stock, with no necessary relation to the market value, set at $1 per share.

Earnings Per Share

A financial metric that divides net income by the number of outstanding shares, indicating the profit available to each share of stock.

Treasury Stock

Stocks initially released and later repurchased by the company that issued them, leading to a reduction in the available shares on the public market.