Which of the Following Statements Is Incorrect About Fixtures

question 32

Multiple Choice

Which of the following statements is incorrect about fixtures?

• 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.

---

Definitions:

Exchange Rates

The value of one currency expressed in terms of another currency, used to determine how much of one currency you can exchange for another.

Trade Deficits

A situation in which a country's imports exceed its exports, resulting in a negative balance of trade.

Speculation

The act of investing in financial assets with the hope of profiting from future price changes, often involving significant risk.

Nation's Currency

The legally accepted form of money that circulates within a country and serves as a medium of exchange, store of value, and unit of account.