Asked by Evans Aidoo on Jun 25, 2024

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Stocks, bonds, and other items that can be owned but cannot be seen or touched are examples of tangible property.

Tangible Property

Physical property that can be touched and seen, such as buildings, machinery, and inventory.

Stocks

Shares of ownership in a corporation, giving holders a claim on the corporation's earnings and assets.

Bonds

Bonds are fixed-income investments representing loans made by an investor to a borrower, typically corporate or governmental, with terms specifying repayment of principal and interest.

  • Define and differentiate between tangible and intangible property.
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BM
Brooke MarshallJun 26, 2024
Final Answer :
False
Explanation :
Stocks, bonds, and other similar items are considered intangible property because they represent value but do not have a physical form that can be seen or touched.