Massachusetts Real Estate License Practice Test

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

1. A trademark

2. A house

3. A car

4. Rights to future profits

The correct answer is: A car

Tangible personal property refers to physical items that can be touched and moved, as opposed to intangible property, which represents a concept or rights without physical substance. A car is a clear example of tangible personal property because it is a movable, physical object that can be owned, bought, sold, or traded. In contrast, a trademark represents a brand or logo, which is an intangible asset. A house, while a physical structure, is classified as real property rather than personal property. Rights to future profits also fall into the category of intangible assets, as they refer to potential earnings rather than a physical object. Thus, the car is the best representation of tangible personal property in this context.