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.

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Definitions:

Marginal Benefit

The increased benefit or value received from the consumption or creation of one more unit of a good or service.

Marginal Cost

The investment required to manufacture an additional unit of a product or service.

Nonrivalry

The idea that one person’s benefit from a certain good does not reduce the benefit available to others; a characteristic of a public good.

Nonexcludability

The inability to keep nonpayers (free riders) from obtaining benefits from a certain good; a characteristic of a public good.