Final answer:
Personal Property is known as Tangible Property, which includes physical items that can be bought and sold, unlike Intellectual Property which covers ideas, concepts, or images. so, among the following given option, option 4 is the correct answer.
Step-by-step explanation:
Personal Property is also known as Tangible Property. It refers to physical items that a person can own, buy, and sell. Examples of tangible property include personal belongings like furniture, vehicles, jewelry, and equipment. This is distinct from Intellectual Property, which implies ownership over an idea, concept, or image and includes patents, trademarks, copyrights, and trade secret law. Intellectual property is protected by various laws across countries, and through the efforts of the World Intellectual Property Organization (WIPO) and international treaties, these laws strive for global coherence.
Personal Property is also known as Tangible Property. It refers to physical items that a person owns and can be moved or touched. Examples of personal property include a car, furniture, electronics, and clothing.