Chapter 3

Question 1

Appurtenance

Answer 1

That which has been added to a property, which becomes an inherent part of the property, and will pass with it when conveyed; includes improvements.

Question 2

Bill of Sale

Answer 2

A written instrument that passes title of personal property from seller to seller.

Question 3

Chattel

Answer 3

Personal property that is tangible and moveable; personalty.

Question 4

Chattel Mortgage

Answer 4

A personal property mortgage.

Question 5

Fixture

Answer 5

An article of personal property which has been installed in or attached to land or a building there on, in such a manner, that it is now considered to be a part of the real estate.

Method of attachment
Adaption to the article of the property
Relationship of the parties
Intention of the parties

Question 6

Improvements

Answer 6

All real estate except land. Includes buildings, fixtures, fences, curbs, sewers, etc.

Question 7

Personal Property

Answer 7

Any property not real property; personalty.

Conveyed by a bill of sale.

Question 8

Tenant’s Fixture/Trade Fixture

Answer 8

Articles of personal property annexed to real property, but which are necessary to the carrying on of a trade and are removable by the owner or tenant when he leaves; Also known as “tenant’s fixture”.

Question 9

Real Property

Answer 9

Sale is conveyed by means of a deed of fee simple, or an assignment of lease if leasehold.