1. DownLoad Answer

    RES 345 Week 1 Discussion 2 | Assignment Help | Ashford University

    RES 345 Week 1 Discussion 2 | Assignment Help | Ashford University 


    Week 1 - Discussion 2


     

      Fixture or Personal Property

    Robert S. Custer owns approximately 97 acres in Cumberland Valley Township, Bedford County, where he operates a nursery business. In March 2001, Custer purchased an electric generator for $1,500.  Custer had the generator installed on a concrete pad near his greenhouses and then had a steel shed type of enclosure installed around the pad and generator. The generator is bolted to the concrete to prevent vibrations and reduce noise. The generator is needed for back-up electricity for heating the greenhouses should an outage occur.  Custer has run into financial difficulties and the bank is foreclosing on the land on which the nursery is located. Custer is vacating the premises and wants to take the generator with him. Is the generator a fixture or personal property? Using information from the reading, provide some analysis explaining why the generator is a fixture. Then provide analysis explaining why the generator is personal property.  Discuss your opinion regarding whether the generator is a fixture.

     

Answer Detail

  1. RES 345 Week 1 Discussion 2 | Assignment Help | Ashford University Robert
    To see full answer buy this answer.
    Answer Attachments

    1 attachments —

    • img
      WEEK 1 DISCUSSION 2 Ans.docx