Exam (elaborations)
REE3433 Chp. 2 Terms Questions with 100% correct answers | verified | latest update 2024
- Course
- Institution
REE3433 Chp. 2 Terms Questions with 100% correct answers | verified | latest update 2024
[Show more]
Seller
Follow
AnswersCOM
Reviews received
Content preview
REE3433 Chp. 2 Termsadaptation test - ANS-a test for determining whether personal property has become
united with real property by its adaptation to the use and purpose of the real property.
Agricultural fixture - ANS-articles placed in or attached to farm buildings and land for
purpose of farming.
Annexation Test - ANS-a key fixture test that is met when personal property is in fact
annexed, fixed, or fastened onto the real property
attachment of the security interest - ANS-the process by which a secured party acquires
a security interest in personal property or a fixture
Bill of Sale - ANS-A written agreement in which one person transfers his interest in
personal property to another
collateral - ANS-property that is pledged as security for the satisfaction of a debt.
security for performance or principal obligation.
construction mortgage - ANS-a mortgage used to finance the construction or
improvement of real property
constructive annexation - ANS-Personal property that is so closely related to the real
property that it is consider to be annexed even through it has not actually been
annexed, fixed or fasten to the real property
domestic fixture - ANS-articles that tents attached to a dwelling to render their
occupation of the premises more comfortable or convenient.
emblements - ANS-Crops produced by a tenant's labor to which the tenant is entitled.
Those crops are grown annually, not spontaneously, by labor and industry.
financing statement - ANS-a document filed in the public record to give notice to third
parties of the secured party's security interest
Fixture - ANS-a legal hybrid; a piece of personal property that has become affixed to
real estate in such a way that it becomes part of the real property.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
Recently viewed by you
