Tangible property is something without physical reality that entitles the owner to certain benefits.

Question

Quizplus · Accepted Answer

This statement is false. Tangible property refers to property that has physical existence, such as land, buildings, or personal belongings. Intangible property, on the other hand, is property that does not have a physical existence but entitles the owner to certain benefits, such as patents, trademarks, or copyrights.

Tangible Property Is Something Without Physical Reality That Entitles the Owner