Intangible personal property represents a set of rights and interests but has no real physical existence.

Name: Intangible personal property represents a set of rights and interests but has no real physical existence.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Intangible personal property includes things like patents, trademarks, copyrights, and other intellectual property rights, as well as things like stocks, bonds, and other financial instruments. These assets have value and can be bought and sold, but they do not have a physical form.

Intangible Personal Property Represents a Set of Rights and Interests