Asked by Shawntay Williams on Jun 19, 2024
Verified
________ is property that does not exist in physical form, such as bank accounts, stocks and insurance policies.
A) Tangible property
B) Intangible property
C) Discernable property
D) Actual property
E) Manifest property
Intangible Property
Assets that have no physical presence but have value, such as copyrights, trademarks, and patents.
Bank Accounts
Financial accounts maintained by individuals or businesses with a bank, allowing for the deposit and withdrawal of money and other financial transactions.
Stocks
Shares of ownership in a company, representing a claim on part of the company's assets and earnings.
- Gain an understanding of the fundamental concepts and categories of property, noting the differences between real and personal property.
Verified Answer
BH
Briah HunterJun 21, 2024
Final Answer :
B
Explanation :
Intangible property refers to assets that do not have a physical form, such as bank accounts, stocks, and insurance policies.
Learning Objectives
- Gain an understanding of the fundamental concepts and categories of property, noting the differences between real and personal property.