What is the legal term for movable personal property?

Prepare for the Pittsburgh Institute of Mortuary Science Test with interactive quizzes and detailed explanations. Enhance your knowledge and get ready to excel on your exam!

The legal term for movable personal property is "chattels." Chattels refer specifically to items that can be owned and are capable of being moved, as opposed to real estate which refers to land and anything permanently attached to it. This term is rooted in common law and encompasses a wide range of personal property, such as furniture, vehicles, and other tangible items that are not fixed to one location.

While "goods" can refer to items that are manufactured or produced for sale, it is a broader term and may not encompass all movable personal property in a legal sense. "Investments" pertains to financial assets used for generating returns, but does not describe the physical property aspect. Thus, "chattels" is the most precise term for legally identifying movable personal property in this context.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy