TeachMeFinance.com - explain personal property
personal property -- any property that is not real property. While state laws vary on the definition of personal property, it is generally thought of as the movable items that a person owns. They can be tangible, such as furniture and other merchandise, or intangible, such as stocks and bonds .
Personal property -- A movable article of property; chattel.
A contract relating to personal property is governed by the
laws of the state in which it is made.
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