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In this lesson, you’ll learn how the law determines whether an item is classified as real property or personal property. This is a foundational concept that affects ownership.
You’ll walkthrough how personal property can become real property, how intention and attachment influence classification, and how items may be legally transferred or removed.
Topics covered include:
How real property and personal property are legally defined
How actual annexation and constructive annexation affect ownership
When personal property becomes a fixture
When a bill of sale or written contract is required
The lesson includes short, embedded mini-quizzes throughout the material, plus a cumulative quiz at the end to reinforce understanding and retention.
Available to download as PDF.
In this lesson, you’ll learn how the law determines whether an item is classified as real property or personal property. This is a foundational concept that affects ownership.
You’ll walkthrough how personal property can become real property, how intention and attachment influence classification, and how items may be legally transferred or removed.
Topics covered include:
How real property and personal property are legally defined
How actual annexation and constructive annexation affect ownership
When personal property becomes a fixture
When a bill of sale or written contract is required
The lesson includes short, embedded mini-quizzes throughout the material, plus a cumulative quiz at the end to reinforce understanding and retention.
Available to download as PDF.