1. Mollie purchases plants from a nursery which she in turn sells in her store. Mollieâ€™s...

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1. Mollie purchases plants from a nursery which she in turnsells in her store. Mollieâ€™s store sells plants to builders whoreplant them in the front yards of the homes they build. The plantsMollie purchases and sells are?
Real property because the plants were once attached toland.
Real property because Mollieâ€™s clients intend to replant theplants.
Personal property because the plants sold by Mollie are notattached to land.
2. Desperate for funds, Gene borrows money at an interest rateof 80%. When Gene is unable to pay, the lender sues Gene. Which ofthe following is true?
The lender will lose with respect to the usury interestrate.
The lender will lose and also face criminal charges.
The lender will win because there is freedom of contract.

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ANS 1 OPTION C IS THE CORRECT ANSWER PERSONAL PROPERTY IS ANYTHING EXCEPT LAND WHICH THAT IS OWNED BY AN INDIVIDUAL IN THIS CASE THE PLANTS THAT MOLLIE HAS BECOMES HER PROPERTY WHEN SHE BUYS THEM See Answer

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