The Term to Describe a Piece of Tangible Personal Property

question 37

Multiple Choice

The term to describe a piece of tangible personal property that is affixed to a property,such that it may be considered part of the property?

• A)Cramdown
• B)Workout
• C)Redemption
• D)Chattel

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Definitions:

Income

The money received by an individual or business for work done, from investments, or from the sale of goods or services.

Cross-Price Elasticity

An index indicating the variation in demand for a particular item as a result of the price alteration of a different item.

Complements

Goods or services that are used together, such that the increase in demand for one results in an increase in demand for the other.

Bacon and Eggs

A popular breakfast dish in various cultures consisting of fried bacon and eggs.