Which of the following terms describes land and anything physically attached to the land, such as buildings?
A) Real property
B) Personal property
C) Replacement value of property
D) Actual cash value

Question

Quizplus · Accepted Answer

Real property refers to land and anything permanently attached to it, such as buildings, trees, and minerals. Personal property refers to movable items such as furniture, clothing, and electronic devices. Replacement value and actual cash value are terms used in property insurance to determine the amount of compensation for property damage or loss.

Which of the Following Terms Describes Land and Anything Physically