Which is an example of tangible personal property?

Which is an example of tangible personal property?

• A. Jewelry
• B. IBM stock
• C. Vacant land
• D. Patent

Answer: (A)

Tangible personal property refers to physical, moveable items that you can touch and hold. Jewelry fits this description because it is a physical object you can physically handle, carry, and transfer. The other options are not tangible personal property: IBM stock represents ownership in a company but is an intangible asset—it's a financial instrument or record of ownership rather than a physical object. Vacant land is real property—property that is fixed to the earth and not movable. A patent is an intangible right granted by the government, not a physical item.

Tangible personal property refers to physical, moveable items that you can touch and hold. Jewelry fits this description because it is a physical object you can physically handle, carry, and transfer.

The other options are not tangible personal property: IBM stock represents ownership in a company but is an intangible asset—it's a financial instrument or record of ownership rather than a physical object. Vacant land is real property—property that is fixed to the earth and not movable. A patent is an intangible right granted by the government, not a physical item.