Which type of property refers to tangible items that can be moved?

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!

The type of property that refers to tangible items that can be moved is movable personal property. This classification encompasses physical objects that are not permanently affixed to land or structures and can be easily transported from one location to another. Examples include furniture, vehicles, and electronics.

Movable personal property is contrasted with real property, which encompasses land and anything permanently attached to it, such as buildings or fixtures. Intangible property refers to non-physical assets, like patents, trademarks, and copyrights, while fixed property relates to immovable assets, generally indicating long-term investments in real estate or land improvements. Understanding these distinctions is crucial when discussing legal and regulatory aspects of property ownership and transfer.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy