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Describe the two terms: personal property and real property, and would be visual examples for each....

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Operations Management

Describe the two terms: personal property and real property, andwould be visual examples for each. Define the types of personalproperty and the types of real estate ownership. Explain theprocedures for acquiring each type of property. Explain theprocedures for transferring each type of property. Provide onelegal tip related to personal property and one legal tip related toreal property that are important to know but people might not beaware of. Add one statistics related to personal property and onestatistics related to real property (e.g. number of lawsuits,number of sales, number of creation of property, number of specificproblems experienced when acquiring/transfering, most commoncrimes, etc.).

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3.8 Ratings (637 Votes)
Personal property is movable and purchased property such as cars furniture tools fixtures and equipment Real property can not move from one location to another such as land farm ponds canal machinery Personal property is three types tangible intangible and listed In the tangible property physical objects are included such    See Answer
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