Personalty refers to which type of property?

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Multiple Choice

Personalty refers to which type of property?

Personalty is the term used for movable property. The main distinction in property law is between real (immovable) property, like land and buildings, and personal (movable) property, like goods, furniture, vehicles, and cash. Intellectual property is an intangible category of rights, not what’s meant by personalty in this context. So movable property best fits the idea of personalty.

Personalty is the term used for movable property. The main distinction in property law is between real (immovable) property, like land and buildings, and personal (movable) property, like goods, furniture, vehicles, and cash. Intellectual property is an intangible category of rights, not what’s meant by personalty in this context. So movable property best fits the idea of personalty.

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