Summarize the legal characteristics of personal property, real Essay - 3

Summarize the legal characteristics of personal property, real property, and bailments - Essay ExampleIn the situation given, the inclose may be considered a fixture if even and Frank or the previous owners therefore who sold the akin in their favor, pull up the manage with the intention of placing it there permanently. This may be determined by any or all of the following considerations (i) materials used in the hem in and (ii) nature of business being conducted in the real property/land.If the materials used were light so that it can be easily destroyed or transferred, the owners thereof may have intended to classify the palisade as personal property because the permanent character cannot be seen therefrom. However, if the materials used in building the fence were strong such as concrete or steel, it can be easily inferred therefrom that the intention was to treat the fence as real property due to its permanent character.Also, the intention or purpose for building the fence may be gleaned from the nature of business in the area which is warehousing. Apparently, warehouse is speculate to be guarded to keep the contents thereof safe from burglars and robbers. Thus, it is quite logical to conclude that the fence may have been built by Eve and Frank for the sole purpose of giving protection to the warehouse which is within the area. The business of warehousing cannot be conducted if there will be no fence to safeguard it.Sometimes, a thing starts as personal property but by lapse of time and change in needs of the owners or parties involved, the same transforms into a real property. In this case, if the fence was built prior to the warehouse, the fence may have been previously treated as personal property. However, upon construction of the warehouse, the fence may have ripened into a real property because it became a necessary part of the warehousing