Question

Michael is the owner of a restaurant in downtown Buffalo and recently signed a long-term lease with the building's owner. Since Michael will be staying in his current location for the long-term, he decides to install new commercial ovens and dishwashers. These installations are examples of what...?

Answer 1

Answer:

The correct answer to the following question is Trade fixtures.

Explanation:

The installations made by Michael ( who is the owner of restaurant in Buffalo, New York ) such as commercial ovens and dishwashers are example of trade fixtures. Trade fixtures are those type of property that a tenant (which Michael is in this case) attaches to the building or land that he or she has taken on lease, for purpose of conducting business on that property.