The most common method of acquiring title to personal property is by purchasing the property from its owner.

Question

Quizplus · Accepted Answer

This is true. Typically, title to personal property is acquired through a purchase or transfer of ownership from the current owner of the property. Other methods of acquiring title may include receiving the property as a gift, through inheritance or bequest, or as part of a legal settlement or judgment.

The Most Common Method of Acquiring Title to Personal Property