Personal Property Law Basics
In This Chapter
• What is personal property?
• Determining ownership of personal property
• When the property has more than one owner
• Understanding bailments
Personal property is often defined by what it isn’t: real property. Personal property includes things like cars, clothing, and appliances. With that in mind, let’s examine the principals that govern this area.
Types of Personal Property
Personal property consists of everything that is not real property. It can be movable. It can be intangible. It can also be the right to do something with that property. Tangible personal property consists of items like furniture, textbooks, computers, and clothes. It’s something you can touch and feel. Intangible ...