Personal property is any form of property that is not land or buildings. It includes a range of tangible property such as motor vehicles, machinery, office furniture, currency, artworks and stock-in-trade to name a few.
It also covers crops and livestock, and extends to accessions, such as an engine that is affixed to a boat, and commingled goods, such as steel rods transformed into machinery. It also includes intangible property such as contract rights, uncertificated shares and intellectual property rights, for example, trademarks and patents.
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