Courts Tend to Consider Three Factors in Determining Whether an Item

question 3

Multiple Choice

Courts tend to consider three factors in determining whether an item is a fixture.Which of the following is not one of those factors?

• A)Attachment
• B)Timing
• C)Adaptation
• D)Intent

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Definitions:

Bookkeeping Services

Professional services offering systematic recording, reporting, and analysis of financial transactions of a business.

Common Stock

A type of security representing ownership in a corporation, with holders possibly entitled to dividends and voting rights.

Transaction

An agreement or exchange between two parties that involves the selling, buying, or trading of goods, services, or information.

Holiday Turkeys

Generally refers to the practice of giving turkeys to employees during the holiday season, which may have tax implications depending on the value and method of distribution.