Question \#13 of 60 Which is considered personal property? A) None of these B) Fixture C) Trade fixture D) Permanently attached bathtub
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Bonus Knowledge
When it comes to personal property, it generally refers to movable items that you can own and take with you, unlike real estate which is fixed. Items like furniture, electronics, and even your beloved collection of vinyl records fall under this category. So, think of personal property as anything you could pack up and take with you if you're moving! For those in the real estate game, distinguishing between personal property and fixtures can save a ton of headaches. A fixture, like a permanently attached bathtub, is considered part of the property. However, trade fixtures—like specialized equipment used in a business—can often be removed. Remember, if it's bolted down, it's probably part of the real estate!