Personal Property Definition Law
Personal Property Definition Law :-
Any movable thing or intangible item of value that is capable of beaing by a person and not recognized as real property .
What would be considered personal property ?
Everything you own, aside from real property, is considered personal. This includes material goods such as all of your clothing, any jewelry, all of your household goods and furnishings, and anything alse that is movable and not permanentaly attached to a fixed location such as your home .
Is cash a personal property ?
Personal property, also referred to as movable property, is anything other than land that can be the subject of oenership, including stocks, money, notes, Parents, and copyrights, as well as itangible property. The terms real estate and real property generally refer to land.
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