David owns a restaurant in downtown Sarasota. When David's lease is up, what happens to his cooking stoves and dish washing machines? O These items are considered trade fixtures and thus owned by David. David will take these items when he moves from the property. These items become emblements and belongs to both David and the landlord These items are considered trade fixtures and will stay with the landlord. These items are considered fixtures and will stay with the landlord.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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David owns a restaurant in downtown Sarasota.
When David's lease is up, what happens to his
cooking stoves and dish washing machines?
O These items are considered trade fixtures and
thus owned by David. David will take these items
when
he moves from the property.
These items become emblements and
belongs to both David and the landlord
These items are considered trade fixtures
and will stay with the landlord.
These items are considered fixtures and
will stay with the landlord.
Transcribed Image Text:David owns a restaurant in downtown Sarasota. When David's lease is up, what happens to his cooking stoves and dish washing machines? O These items are considered trade fixtures and thus owned by David. David will take these items when he moves from the property. These items become emblements and belongs to both David and the landlord These items are considered trade fixtures and will stay with the landlord. These items are considered fixtures and will stay with the landlord.
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