Which of the following is classified as movable personal property?

Prepare for the DEAD Legal and Regulatory Test. Use flashcards and multiple choice questions with detailed hints and explanations for each query, ensuring readiness for your exam!

Movable personal property refers to assets that are not fixed to one location and can be moved from place to place. Furniture fits this definition perfectly, as it includes items that can be physically relocated, such as chairs, tables, and sofas, without affecting the foundational property itself.

Real estate, on the other hand, refers to land and anything permanently attached to it, which makes it immovable. Stocks and bonds are considered financial instruments rather than personal property, as they represent ownership or debt but cannot be physically moved. Intellectual property encompasses intangible assets like copyrights, trademarks, and patents, which do not fall under the category of personal property in the traditional sense since they are not physical items.

Therefore, furniture is the clear example of movable personal property among the provided options.

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