Explain the difference between real and personal property. Choose the correct choice below. A. Personal property is generally any property that can be moved from one location to another. Real property is land and anything erected or growing on it. B. Real property is classified as either tangible or intangible. Personal property can be only intangible. C. Real property is intangible property such as a copyright, patent, or franchise. Personal property can be seen or touched D. Personal property unlike the real property is used in a business to produce income

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter3: Economic Decision Makers
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Explain the difference between real and personal property. Choose the correct choice below. A. Personal property is generally any property that can be moved from one location to another. Real property is land and anything erected or growing on it. B. Real property is classified as either tangible or intangible. Personal property can be only intangible. C. Real property is intangible property such as a copyright, patent, or franchise. Personal property can be seen or touched D. Personal property unlike the real property is used in a business to produce income
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