Jones conveyed his ranch to Brown using a land contract. The ranch was serviced by a mutual water company, and Jones was a stockholder in the company. The stock which Jones owned was appurtenant to the land. Does Brown have to enter into a separate contract for the stock of the mutual water company:

A: Yes, since stock is always personal property and therefore not included in land contracts;
B: No, because land in California cannot be sold without water rights;
C: Yes, because real property is not always accompanied by water rights;
D: No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract.

Answer: D: No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract.

Business

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