Which of the Following Is the Correct Definition of a Chattel

question 58

Multiple Choice

Which of the following is the correct definition of a chattel?

• A) A chattel is a name used to describe the land registration system in place in the Western provinces.
• B) Chattel is an intangible form of personal property, such as a debt or claim.
• C) Chattel refers to intellectual property such as patents and copyrights.
• D) Chattel is the term used to describe tangible personal property or movables.
• E) The term chattel is a broad term used to describe any kind of property interest.

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Definitions:

Passage Of Title

The transfer of ownership rights from the seller to the buyer in a transaction.

Insurable Interest

A stake or financial interest in an item or person that allows the owner to purchase insurance against risks.

Pressure Washer

A mechanical device that uses high-pressure water spray to clean surfaces, removing dirt, grime, and other materials.

Commercial Rents

Payments made for the use of commercial property, such as offices, shops, or industrial spaces.