Asked by Isabella Gutierrez on May 25, 2024
Verified
Tangible property is property that has a physical existence;for example,a car or a computer is tangible property.
Tangible Property
Physical assets that can be seen, touched, and possessed, such as real estate, vehicles, and equipment.
Physical Existence
Physical existence refers to the state of being tangible, having a material body or form that can be perceived by the senses.
- Acquire knowledge about the properties and legal considerations of both corporeal and incorporeal property.
Verified Answer
JB
Jeremi BoothMay 28, 2024
Final Answer :
True
Explanation :
Tangible property has physical existence;intangible property does not.
Learning Objectives
- Acquire knowledge about the properties and legal considerations of both corporeal and incorporeal property.