Distinctions between Real and Personal Property

Question 1

Real Property is

Answer 1

land and objects attached to land in a permanent manner

Question 2

Tangible property

Answer 2

is personal property subject to physical possession

Question 3

Intangible property

Answer 3

can not be physically possessed but can be legally owned

Question 4

ownership of intangible property

Answer 4

is often represented by a piece of paper

Question 5

examples of intangible property

Answer 5

1) Share of stock
2) Trademark (part, design, word, picture)
3) promissory note