If the Parties Involved Agree That Personal Property Will Be

question 20

True/False

If the parties involved agree that personal property will be considered a fixture, it will be deemed to be a fixture without the application of legal tests.

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Definitions:

Premium

An amount paid for an insurance policy or the difference above a bond's issue price or its face value in the market.

Real Estate Investment Trust

A company that owns, and in most cases operates, income-producing real estate, offering investors a way to invest in such properties without actually buying them.

Equity Trust

A type of investment trust that holds equities or stocks in various companies as its primary investments.

Mortgage Trust

A type of investment trust that pools mortgage loans, offering investors shares in the income derived from mortgage interest payments.