Which of the following is an example of intangible personal property?

Which of the following is an example of intangible personal property?

• A. Clothing
• B. Food
• C. Copyrights
• D. Real estate

Answer: (C)

Intangible personal property refers to assets that do not have a physical form but still hold value. Copyrights are a prime example of this type of property. They represent legal rights granted to creators for their original works, such as literature, music, and art, allowing them to control the use of their creations and earn royalties. In contrast, clothing, food, and real estate are considered tangible property. Clothing and food are physical items that can be touched and consumed, while real estate involves immovable property and land. Therefore, copyrights stand out as the correct answer because they embody the concept of intangible property, which is not directly observable but nonetheless has significant legal and economic value.

Intangible personal property refers to assets that do not have a physical form but still hold value. Copyrights are a prime example of this type of property. They represent legal rights granted to creators for their original works, such as literature, music, and art, allowing them to control the use of their creations and earn royalties.

In contrast, clothing, food, and real estate are considered tangible property. Clothing and food are physical items that can be touched and consumed, while real estate involves immovable property and land. Therefore, copyrights stand out as the correct answer because they embody the concept of intangible property, which is not directly observable but nonetheless has significant legal and economic value.