The fixture test of purpose or use applies only if the item:
a. is affixed to the realty in some way.
b. can be removed without material injury to the realty.
c. is affixed to the realty in some way and also can be removed without material injury to the realty.
d. is distinct from the realty but could be affixed to it.
c
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When ESPN found new products for its existing markets by expanding into 10 cable channels, a Web site, and a magazine, it was using a product-development strategy
Indicate whether the statement is true or false
Which of the following is an illustration of the classification issue?
A) At what amount should land be shown on the balance sheet? B) At what point should the payment of salaries to employees be recorded? C) Should supplies be recorded as an asset or as an expense? D) At what point should a bill be paid for the purchase of an item?
A thriving cowboy culture encourages entrepreneurship. The term "cowboy culture" refers to a culture where:
A. strict regulations lead to the creation of joint ventures between large corporations and nonprofits. B. standout individuals who break free of old ways attract attention and admiration in many of the countries with high entrepreneurship rates. C. it is mandatory for all businesses to provide health insurance to employees. D. the employment protection laws established by the government motivate people to turn into necessity entrepreneurs when the need arises.
When a court considers the net effect of a business practice that is being challenged in an antitrust case, it is:
a. declaring the practice illegal per se b. declaring the practice legal per se c. using the rule of reason d. rejecting the rule of reason e. ignoring Congressional purpose behind the antitrust laws