A bakery owns the building, the ovens permanently bolted to the floor, the loose mixing bowls, and the inventory of flour. For property-insurance purposes, which item is most clearly classified as PERSONAL property?
a.The ovens permanently bolted to the floor
b.The loose mixing bowls used by staff
c.The land under the building
d.The building itself
Explanation
Real property is the land and the structures or fixtures permanently attached to it. Personal property is movable property not permanently affixed, such as loose tools, inventory, and equipment that can be removed. The building and the bolted-in ovens behave as real property or fixtures; the loose bowls are personal property.
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