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CII Certificate In Insurance - Insurance Underwriting Process (IF3) Practice Test

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A tenant installs display shelving for use in a retail business. The shelving can be removed without materially damaging the building. At lease end, the shelving is generally classified as what?
Correct Answer:
A trade fixture
Explanation:
Items installed by a commercial tenant for business use are typically trade fixtures and may usually be removed before the tenancy ends if removal does not materially damage the property.

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