Which Form of Property Has No Physical Form

question 31

Multiple Choice

Which form of property has no physical form?

• A)Financial
• B)Real
• C)Equipment
• D)Intellectual

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Definitions:

Legal Existence

The state of being recognized as a juridical entity under the law, capable of rights and obligations.

Senior Partner

The most experienced or highest-ranking partner in a partnership or law firm.

Management Decisions

Choices or judgments made by the management of an organization regarding its operations, strategic direction, and allocation of resources.

Unanimous Consent

An agreement or decision made with the approval of all parties involved or present, typically within a legislative or corporate setting.