Which of the following is an example of Personal Property?

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Personal property refers to movable items that are not permanently attached to or part of real estate. It encompasses a broad range of assets that can be owned by individuals or businesses. Stocks and bonds fall squarely into this category, as they represent ownership in companies or debt owed by entities but are not tied to physical property.

The other options consist of items that are typically classified as real property or fixed assets. Land and buildings are considered real estate and involve immovable property. Commercial equipment, while it can also be classified as personal property in a broader context, generally relates to fixtures that are used in a business setting and may be tied to specific real estate. Rental space is similarly real property since it cannot be moved and is tied to a specific location.

Thus, the classification of stocks and bonds as personal property is correct, reflecting their nature as liquid assets capable of being easily bought, sold, or transferred independently of real estate.

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