We study a family of equivalent continuum models in one dimension. All these models map onto a single equation and include simple chemical reactions, diffusion in presence of a trap or a source and an ideal polymer chain near an attractive or repulsive site. We have obtained analytical results for the survival probability, total growth rate, statistical properties of nearest-neighbour distribution between a trap and unreacted particle and mean-squared displacement of the polymer chain. Our results are compared with the known asymptotic results in the theory of discrete random walks on a lattice in presence of a defect.