Question

What are the four tests used by courts to determine if an item is real property or personal property? IRMA a) Intent, Relationship, Method, Agreement b) Immovability, Relocation, Materiality, Assignment c) Identification, Registration, Management, Agreement d) Integration, Relocation, Management, Assignment

Answer 1

Answer:

The correct answer is option a) Intent, Relationship, Method, Agreement. The four tests used by courts to determine if an item is real property or personal property are intent (the intention of the owner), relationship (the relationship between the item and the property), method (the way the item is attached or incorporated into the property), and agreement (any applicable agreements or contracts)