1. Hot Coffee has been leasing a store to sell their custom coffee mugs. They purchased and installed cabinets, shelves, and a counter to display and sell the mugs. What is the test used to determine...

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1.
Hot Coffeehas been leasing a store to sell their custom coffee mugs. They purchased and installed cabinets, shelves, and a counter to display and sell the mugs. What is the test used to determine if something is a fixture? Are these items considered personal property or fixtures? Will they belong toHot Coffeeor to the landlord when the lease expires?



2.IfHot Coffeeand the landlord decided to each contribute 50% to the purchase of a new location for theHot Coffeebusiness, what are two of the options they could use to buy the property together? What are the consequences for each option?


In your response, refer back to the relevant concepts and/or caselaw from your reading.

Answered Same DayNov 10, 2021

Answer To: 1. Hot Coffee has been leasing a store to sell their custom coffee mugs. They purchased and...

Moumita answered on Nov 11 2021
143 Votes
Running Head: ASSIGNMENT QUESTIONS         1
ASSIGNMENT QUESTIONS                                 2
ASSIGNMENT QUESTIONS
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Answer to Question 1    2
Answer to Question 2    2
References    3
Answer to Question 1
A fixture can be tested based on the annexation of the property. The term that can be used to determine the test of a fixture annexation of the property.
As mentioned in the Property Law of Real Estate 2020, if the furniture or any item belongs to the actual proprietor of the store, the thing will be trimmed as a fixture (Blomley, 2020). However, if the item has been purchased from the Hot Coffee company, the item will not be considered as a fixture, and it will be the...
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