May Jaston Remove the Dentist Chairs and Take Them with Him

question 40

Multiple Choice

May Jaston remove the dentist chairs and take them with him?

• A)Yes,because they are trade fixtures.
• B)Yes,because they can be easily removed and thus are not permanent fixtures to the property.
• C)No,they are attached to the real property and cannot be removed and taken by the tenant.
• D)No,if there is nothing in writing that states otherwise,Jaston may not remove the dentist chairs and take them with him.
• E)No,although they are used for Jaston's business,he may not remove them if the next lessee is also a dentist.

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Definitions:

Strike Price

The predetermined price at which the holder of an option can buy or sell the underlying asset.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specified time.

Capital Gain

The profit from the sale of a capital asset for more than its purchase price.

Strike Price

The fixed price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.