1. Personal Property(Chattel, Personalty)

Question 1

Personal property

Answer 1

Is movable property that is not attached to the land

Question 2

 Tangible Personalty

Answer 2

Are objects such as potted plants, furniture, automobiles, and documents (leases contracts, deeds of trust, promissory notes)

Question 3

Intangible Personalty

Answer 3

Are right and relationships. ( copyright, patents, trademarks)

Question 4

What do you transfer a personal property with?

Answer 4

Bill of sale

Question 5

Chattel real

Answer 5

Personal property with a less than freehold interest in real property, such as a lease

Question 6

Emblements

Answer 6

These are annual crops produced by labor which are personal property. They are also known as (fruits of the industry)

Question 7

The right of a tenant farmer to re-enter the land to cultivate and harvest crops once after the lease has expired

Answer 7

Emblements

Question 8

Trade fixtures

Answer 8

Personal property of a business, tenant, including store, shelves, counters, etc.

Question 9

When can trade fixtures be removed by departing tenets?

Answer 9

Before the lease expires

Question 10

If trade fixtures are not removed, they become the property of who?

Answer 10

The owner/landlord