LAW 122 Chapter 17: Chapter 17- Personal Property.docx
8 Apr 2015
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Document Summary
A fixture is a chattel that has been sufficiently affixed, or attached, to land or a building. Once a chattel becomes a fixture, it belongs to the owner of the land. Say you bought a dishwasher to use in your apartment. If it was installed to enhance the value of the apartment then it is probably a fixture. A bailment occurs when one person temporarily gives up possession of property with the expectation of getting it back. The bailor is the person who delivers property. The bailee is the person who receives property. A consignment occurs when an owner gives property to another person for the purpose of selling it. Bailments must satisfy the same requirements: one person voluntarily delivers property to another, for a particular purpose, with the intention that the property will be returned or disposed of as directed.
