The law related to the chattels and fixtures debate is the law of real property. Contract law has nothing to do with it.
So, it doesn’t matter whether we are talking about an agreement of purchase and sale, a mortgage, a chattel mortgage, a financing agreement, a construction agreement, a sale and leaseback, a sale of chattel property, a postponement of security agreement, or a lease. The point is simple! Contracts between parties have nothing at all to do with the classification of items or objects as either chattels or fixtures. Real property law governs. Real property law will deal with the issue. Continue reading Law Of Property Chattels Series Part 8: Chattels and Fixtures ~ Contracts are Irrelevant