Which of the following is included in the definition of "chattel"?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The definition of "chattel" refers specifically to personal property that is movable and not affixed to land or buildings. This encompasses items that can be physically moved, such as furniture, clothing, vehicles, and other tangible personal items. The inclusion of furniture in this context makes it a clear and accurate representation of what constitutes chattel.

In contrast, land and buildings represent real property, which is immovable and not considered chattel. Intangible assets, such as patents or intellectual property, fall outside the scope of physical, movable items, thereby also not qualifying as chattel. Similarly, while commercial equipment is personal property, it is a more specific category that can sometimes blur the lines between real and personal property depending on its usage, but it does not encompass the broader category of everyday personal items. Thus, personal items like furniture best fit the definition of chattel.

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