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BUS607 WK6 DISC 2.docx - Discuss two of the following...

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Discuss two of the following items:Explain the difference between real property and personal property. Why is the distinctionimportant? What is a fixture? Is it real or personal property? Explain.What is a bailment?How is a bailment different than a secured interest?Provide an example ofeach to explain the difference.Define the various types of real property concurrent ownership includingtenancy in common,joint tenancy, tenancy by the entirety, and community property.Provide an example of each andexplain how they are each different.What are the purposes of zoning laws?Provide three examples of zoning laws and explain howit affects the property’s characteristics and its value.Explain the difference between real property and personal property. Why is the distinctionimportant? What is a fixture? Is it real or personal property? ExplainReal property is the land and everything permanently attached to it. Also, real property, or realty,includes structures and anything permanently attached to them (Miller, 2014). Alternatively,personal property, or chattel, is everything besides the land and permanent fixtures; personal

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