Which of the following is an example of 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!

Personal property refers to movable items that are not affixed to land or buildings. This encompasses a wide range of tangible items that individuals can own and use. The correct choice, furniture, falls under this category as it consists of items like chairs, tables, and sofas that can be moved and are not permanently attached to land or buildings.

In contrast, real estate, vehicles, and land are considered different classifications of property. Real estate includes immovable properties such as buildings and houses, while land refers specifically to the ground itself. Vehicles, although movable, are often categorized separately in legal terms as chattel or personal property but do not fit the conventional understanding of personal property as closely as furniture does in this context. Thus, furniture is the quintessential example of personal property in this set of options.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy