Which of the following is an example of personal property?
Correct Answer
C) A freestanding refrigerator that can be removed without damage
Personal property (personalty) is movable property not permanently attached to real estate. A freestanding refrigerator can be removed without damage to the structure and is therefore personal property. Built-in appliances, central systems, and hardwired fixtures are generally considered real property because they are permanently attached to the structure.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
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