Which of the Following Would NOT Be Considered Personal Property

question 40

Multiple Choice

Which of the following would NOT be considered personal property?

• A)collection of vinyl record albums
• B)field of soybeans
• C)antique quilt 
• D)None of these are correct.

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Definitions:

Major Shareholder

An individual or entity that owns a significant percentage of a company's shares, exerting influence or control over its management.

Vicariously Liable

Legal principle where one party is held responsible for the actions or omissions of another party.

Joint

Pertaining to rights, obligations, or ownership shared between two or more parties.

Unlimited Liability

A legal structure where the owners of a business are personally responsible for all of the debts and obligations of the business, without any limit.