BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Land, buildings and fixtures are called
A
personal property
B
mineral right
C
real property
D
zoning ordinance
Explanation: 

Detailed explanation-1: -Real estate is real property that consists of land and improvements, which include buildings, fixtures, roads, structures, and utility systems. Property rights give a title of ownership to the land, improvements, and natural resources such as minerals, plants, animals, water, etc.

Detailed explanation-2: -Meaning of Real Property Real property refers to land and any property which is directly attached to it, including any subset of land which has been changed by legitimate human acts. Examples of real property can include ponds, buildings, reservoirs, canals, roads, and machinery.

Detailed explanation-3: -The term “real estate” or “real property” means the land plus anything growing on it, attached to it or erected on it, including man-made objects, such as buildings, structures, roads, sewers, and fences, but excluding anything that may be removed from the land without injury to the land.

Detailed explanation-4: -Real estate examples or real property would refer to land, attachments, and any rights or interests that a property owner may have in the property. For example, artificial attachments would include any houses, buildings, roads, and fences.

Detailed explanation-5: -Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Stocks, bonds, and bank accounts fall under intangible personal property.

There is 1 question to complete.