Principles of Real EstatePregunta 19 de 120
Which of the following is considered an example of personal property (chattel) rather than real property?
a.An in-ground swimming pool
b.A permanently installed central air conditioning system
c.A freestanding refrigerator that is not built in
d.The land itself
Explicación
Personal property, or chattel, is movable and not permanently affixed to real estate. A freestanding refrigerator generally remains personal property, while built-in or permanently attached items are usually fixtures. Contracts should specify which items convey to avoid disputes.
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