(updated 2026) Questions & Answers
Latest Already Graded A+ UPDATE 2026
Personal Property -CORRECTANSWER Moveable & unattached to land
Trade Fixtures -CORRECTANSWER (Special type of Personal Property)
Tangible personal property necessary for trade or business. Must be removed by or
before expiration of the lease. Any damage to the premises caused by moving or
installing is paid by the tenant.
Fructus Industriales -CORRECTANSWER (Latin for "Fruits of Industry")
Growing crops that are produced annually through labor & industry. Created to protect
farmers. Once growing, tenant has the right to remove crops even after lease expires.
Rights in Personal Property -CORRECTANSWER 1- Intellectual (protected by patent or
copyrights)
2- Business Reputations (good will)
3- Leases (transfers possession & use without ownership)
4- Partnership Interests (business association of 2 or more persons)
,Real Property -CORRECTANSWER Land, includes the surface of the earth and the
spaces above and below. Also includes any improvements or fixtures such as
infrastructure, developments and houses. Not moveable.
Fructus Naturales -CORRECTANSWER Type of Real Property
(Latin for "Fruits of Nature")
Permanent plantings such as flowers, grasses, trees and bushes.
Can't be removed without an agreement.
Fixtures -CORRECTANSWER Type of Real Property
Items that were once moveable but have been affixed to real estate (fences, buildings, a
wall, trees).
Severance -CORRECTANSWER The act of removing a fixture.
Through severance a fixture can become personal property. Not all fixtures can be
severed.
Bundle of Legal Rights -CORRECTANSWER 6 distinct principal intangible legal rights
of property ownership.
#1- right to POSSESS property
#2- right to CONTROL property with in legal limits
,#3- right to ENJOY property and to use it legally
#4- right to EXCLUDE others from property
#5- right to ENCUMBER property by lessening ones rights of owners in any way
#6- right to DISPOSE of property by sale, will, or other transfer
Appurtenant -CORRECTANSWER Adjoining land
Fixture Dispute -CORRECTANSWER In event of a dispute courts apply a 4 part test to
determine if a fixture may be severed.
Relationship of Parties -CORRECTANSWER One of a 4 part test used in a Fixture
Dispute.
Residential renters less likely than commercial renters to be able to sever.
Method of Attachment -CORRECTANSWER One of a 4 part test used in a Fixture
Dispute.
The permanence with which an object is attached to real property. The more permanent
the less likely to be severed.
Adaptation -CORRECTANSWER One of a 4 part test used in a Fixture Dispute.
, If an object was made specially adapted or made to suit a particular or unique feature of
a building, then its classified as a fixture.
Agreement -CORRECTANSWER One of a 4 part test used in a Fixture Dispute.
An agreement between the parties may permit removal of a fixture or prevent a dispute
whether an item is a fixture.
Rights in Real Property -CORRECTANSWER Includes ownership rights in the surface
of land, airspace above land, and space below the surface, any easements and use of
appurtenant land.
Water Rights -CORRECTANSWER the legal rights to use and maintain the water in a
river, stream, or other body of water for agricultural, recreational or personal use.
(significant in states where water is in limited supply)
3 legal doctrines used to determine who has intangible rights to use or divert water &
how much -CORRECTANSWER #1- Riparian
#2- Littoral
#3- Prior Appropriation