Question

What are the different types of personal property?

1) Specific
2) General
3) Demonstrative
4) Residuary

Answer 1

Personal property includes specific, general, demonstrative, and residuary types.

Step-by-step explanation:

Personal property refers to physical items that a person buys and owns. There are different types of personal property:

1. Specific personal property: This type of property is unique and identifiable, such as a specific house, car, or artwork.
2. General personal property: This type of property is not unique and can be replaced by similar items, such as clothing, furniture, or electronics.
3. Demonstrative personal property: This type of property refers to a specific group or category of items, such as a collection of rare coins or stamps.
4. Residuary personal property: This type of property includes anything that is not classified as specific, general, or demonstrative. It encompasses all other personal property that does not fit into the other categories.