RES 345 Week 1 Discussion 2 | Assignment Help | Ashford University
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- 10 Jul 2019
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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.
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