When a Piece of Real Property Is Sold Who Will

question 32

Multiple Choice

When a piece of Real Property is sold who will own the fixtures?

• A) The new owner of the Real Property
• B) The former owner of the Real Property
• C) The Secretary of State
• D) No one owns the fixtures,they are community property

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Definitions:

Forges

Facilities or workshops where metal is heated and shaped, or the act of illegally copying or imitating something, such as documents or signatures.

Liable

Subject to legal responsibility for one's actions or omissions, potentially leading to civil or criminal penalties.

Good Faith

Acting with honesty and sincerity without any intention to defraud or seek undue advantage.

Without Recourse

A term indicating that the seller or transferor of a financial instrument is not liable to the buyer or transferee in case of default.