Real Estate Law 11th Edition By Jennings – Test Bank

Chapter 05 Fixtures TRUE FALSE

1. A purchase money security interest in fixtures does not arise automatically. (A) True
(B) False
Answer : (A)

2. Priority between an unperfected secured party and an unrecorded mortgage is first to file wins. (A) True
(B) False
Answer : (A)

3. Mortgages always take priority over purchase money security interests. (A) True
(B) False
Answer : (B)

4. Counters bolted to the floor in a department store would be considered fixtures. (A) True
(B) False
Answer : (B)

5. A lien creditor who has perfected his interest always takes priority over a secured party. (A) True
(B) False
Answer : (B)

6. The degree of annexation is always controlling in determining whether property is real or personal.

(A) True

(B) False

Answer : (B)

7. A hot air heating system is probably an example of a fixture. (A) True
(B) False
Answer : (A)

8. The English rule with regard to trade fixtures was that all trade fixtures were real property. (A) True
(B) False
Answer : (B)