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(Based on Australian business lawGive the answer asap QUESTION 2 [20 Marks] Zhou is selling his retail printing business. His business includes the premises located

(Based on Australian business lawGive the answer asap

QUESTION 2 [20 Marks]

Zhou is selling his retail printing business. His business includes the premises located in the city centre. Zhou has owned the printing business for five (5) years and during this time he has fitted the premises with several items. These items include: curtains which match the colours of his business's logo; a large built-in stationery cupboard used to house the range of colours and sizes of paper Zhou uses in his business; an external security spotlight and timer to provide greater protection at night when his business is closed; tiles which allow ink spills to be easily cleaned up; and a portable air-conditioner for the comfort of his customers during the hotter months of the year.

  1. Explain the difference between a fixture and a chattel and the tests employed to determine whether an item is a fixture or a chattel. (10 Marks)

2.Using those tests, which you have identified in (a) above, explain whether each of the items listed above would be a fixture or a chattel. (10 Marks)

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