Which of the following is an example of tangible personal property?

Which of the following is an example of tangible personal property?

• A. Family residence.
• B. IBM stock.
• C. Jewelry.
• D. Rental house.

Answer: (C)

Tangible personal property refers to physical items that can be touched, felt, and measured, as opposed to intangible assets like stocks or bonds. In this context, jewelry is a perfect example of tangible personal property because it is a physical item that can be owned, worn, and has intrinsic value. On the other hand, a family residence and a rental house, while they are physical properties, are classified as real property rather than personal property. Real property encompasses land and anything permanently attached to it. IBM stock represents an intangible asset, as it reflects ownership in a company but does not have a physical form that can be manipulated or moved. Therefore, jewelry stands out as the clear example of tangible personal property in this list.

Tangible personal property refers to physical items that can be touched, felt, and measured, as opposed to intangible assets like stocks or bonds. In this context, jewelry is a perfect example of tangible personal property because it is a physical item that can be owned, worn, and has intrinsic value.

On the other hand, a family residence and a rental house, while they are physical properties, are classified as real property rather than personal property. Real property encompasses land and anything permanently attached to it. IBM stock represents an intangible asset, as it reflects ownership in a company but does not have a physical form that can be manipulated or moved. Therefore, jewelry stands out as the clear example of tangible personal property in this list.