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eve and frank own twenty acres of land on which there is a warehouse surrounded by a fence . what is the most important factor in determining whether the fence is a fixture?
The most important factor in determining whether the fence is a fixture is whether the fence is intended to be permanently a part of the property. [ a fixture, then by law it will be declared as a fixture. If the intent of the object was to serve some purpose other than being a fixture, then it is not considered a fixture. Again, in this circumstance, the intent of the owner as to why the
object... ]
Expert answered|venkatv|Points 211|
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Asked 6/25/2012 11:57:23 PM
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Eagles Sales Company owns a warehouse, subject to a mortgage obtained from first national bank. separately, eagle and first national obtain insurance policies from good hands insurance, inc,. to cover the warehouse. later, eagle sells the property to interstate distribution corporation but keeps the insurance policy. first national agrees to act as interstate's mortgage and interstate obtains an insurance policy from good hands to cover the property. who can recover an amount for it loss?
Weegy: I don't believe this happens typically. Usually there is only one policy of insurance on the building. [ An insurance company would never issue multiple policies for the same thing for fear that something like this would happen and they would be obligated to pay out multiple claimants for the same injury. But for the sake of argument, first national and interstate could recover for the loss of the building. ] (More)
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eagles sales company owns a warehouse, subject to a mortgage obtained from first national bank. separately, eagle and first national obtain insurance policies from good hands insurance, inc., to cover the warehouse. later, eagle sells the property to interstate distribution corporation but keeps the insurance policy. first national agrees to act as interstate's mortgage, and interstate obtains an insurance policy. first national agrees to act as interstate's mortgage, and interstate obtains an ...
Weegy: I don't believe this happens typically. Usually there is only one policy of insurance on the building. [ An insurance company would never issue multiple policies for the same thing for fear that something like this would happen and they would be obligated to pay out multiple claimants for the same injury. But for the sake of argument, first national and interstate could recover for the loss of the building. ] (More)
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Think of an organization within your industry with which you are familiar.
Weegy: I am self employed, but in companies, there is usually a human resource organization. (More)
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