Asked by
Isabella Durazo
on Nov 10, 2024
Verified
Which of the following is the correct definition of a chattel?
A) A chattel is a name used to describe the land registration system in place in the Western provinces.
B) Chattel is an intangible form of personal property, such as a debt or claim.
C) Chattel refers to intellectual property such as patents and copyrights.
D) Chattel is the term used to describe tangible personal property or movables.
E) The term chattel is the broad term used to describe any kind of property interest.
Chattel
An item of personal property that is movable, as opposed to real estate or real property.
Tangible Personal Property
Physical items owned by individuals or businesses, excluding real estate and intangible assets.
Intellectual Property
Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.
- Gain insight into the contrast between physical property and individual possessions.
Verified Answer
RM
Learning Objectives
- Gain insight into the contrast between physical property and individual possessions.