Are these items considered personal property or fixtures

Assignment Help Business Law and Ethics

Reference no: EM133725023

Problem

I. 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 if something is a fixture? Are these items considered personal property or fixtures? Will they belong to Hot Coffee or to the landlord when the lease expires?

II. If Hot Coffee and the landlord decided to each contribute 50% to the purchase of a new location for the Hot Coffee business, what are two of the options they could use to buy the property together? What are the consequences for each option?

Reference no: EM133725023

Questions Cloud

How does the group create new knowledge : How does the group create new knowledge and share it to improve its effectiveness? Fredrick Helmut is an ambitious design engineer working in the London

Which is counseling amid more serious problems : Clinically categorized, the third tier of help in the church provides a type of "tertiary care," which is counseling amid more serious problems.

Discuss the types of sanctions which a court may impose : Discuss the types of sanctions which a court may impose and explain the reasoning behind the imposition of such sanctions.

About legal roles of nursing staff members : A nurse manager identifies that the nurse in charge on evenings needs additional inservice education about the legal roles of nursing staff members

Are these items considered personal property or fixtures : Are these items considered personal property or fixtures? Will they belong to Hot Coffee or to the landlord when the lease expires?

Describe an evangelistic method : Describe an evangelistic method or technique that you believe to be useful when reaching out to persons from a culture different than your own.

How could partnership agreement have better drafted to avoid : In NBN Broadcasting, Inc. v. Sheridan Broadcasting Network, Inc., how could partnership agreement have better drafted to avoid any litigation and uncertainty?

Why do johns disciples and 44the disciples of pharisees fast : The Pharisees were fasting; and people came and said to him, "Why do John's disciples and 44the disciples of the Pharisees fast, but your disciples do not fast?

What is the hipaa imposed assurance procedures : What is the Hipaa imposed assurance procedures and pertinent documents that must be employed when using a subpoena to get protected medical information?

User Account

All Pages