Don owns factory machinery and the tools to service it, as well as office furniture, including computers. Emily owns trademarks that identify certain products, and stock in the company that sells those products. Personal property includes items owned by
A) Don and Emily.
B) Don only .
C) Emily only.
D) neither Don nor Emilio.

Question

Quizplus · Accepted Answer

Personal property includes both tangible items like machinery, tools, and furniture owned by Don, and intangible items like trademarks and stock owned by Emily.

Don Owns Factory Machinery and the Tools to Service It