Is the sculpture real estate

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Reference no: EM133614393

Question: Leveraged Gallery plans to sell a massive sculpture to MegaCorp on credit subject to a security interest. The sculpture will be firmly installed in the atrium of MegaCorp's headquarters, with plans for it to be there permanently. Leveraged Gallery ponders how it should perfect its security interest. Is the sculpture real estate, not subject to Article 9, or personal property, subject to Article 9? (A) The sculpture is only real estate if it is permanently installed in a building. (B) Sculptures are not real property, like houses and garages; they are personal property, like paintings and scrolls. (C) The sculpture is a fixture, being both personal property and real estate. (D) Art cannot be collateral.'

Reference no: EM133614393

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