Unlike real property, personal property:
A) is immovable
B) is taxable
C) is not taxable
D) is valueless
E) none of the other choices are correct

Question

Quizplus · Accepted Answer

Personal property can be both movable and immovable (in the case of intangible assets), is often taxable, and can hold significant value. Thus, none of the provided choices accurately describe the distinctions of personal property compared to real property.

Unlike Real Property, Personal Property