real property - ANSWER Land and whatever is growing property - ANSWER A bundle of rights a person has with respect to something.
on or attached to the land.
personal property - ANSWER all property other than real property
intangible property - ANSWER Property that represents ownership of a...
LOMA 281
Module 3
Lesson 3
CORRECT 100%
property - ANSWER A bundle of rights a person has with respect to something.
real property - ANSWER Land and whatever is growing on or attached to the land.
personal property - ANSWER all property other than real property
intangible property - ANSWER Property that represents ownership of a legal right, such as a contractual
right (life insurance).
ownership of property - ANSWER The sum of all the legal rights that exist in a piece of property.
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