Personal Property So Firmly Attached to Real Property That an Interest

question 45

Multiple Choice

Personal property so firmly attached to real property that an interest in it arises under real property law is known as a(n) :

• A) fixture.
• B) tangible property.
• C) intangible property.
• D) allonge.

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Definitions:

Profit

The difference between total revenue and total cost.

Rent

Payment made by a tenant to a landlord for the use of a property, room, or apartment for a specified period.

Monopoly Profits

Extraordinary profits earned by a monopoly due to its unique position of having no competition, allowing for higher prices and lower production.

Miracle Drug

A term for a medication that has an unexpectedly profound and beneficial effect on patients.