Asked by Isabella Garcia on Jul 26, 2024
Verified
The transfer of personal property involves formalities not required in the transfer of real property.
Transfer of Personal Property
The act of moving ownership or title of movable property from one party to another, which can be accomplished through sale, gift, or exchange.
Transfer of Real Property
The process by which ownership of land or property is moved from one party to another through a deed or other legal instrument.
- Familiarize oneself with the jurisprudential concepts concerning the possession and proprietary rights over movable and immovable property.
Verified Answer
BS
Bailey SchleimerJul 30, 2024
Final Answer :
False
Explanation :
The transfer of real property involves more formalities, such as deeds and recording, while personal property can typically be transferred with a simple agreement or exchange of possession.
Learning Objectives
- Familiarize oneself with the jurisprudential concepts concerning the possession and proprietary rights over movable and immovable property.
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