What are the types of personal property
What are the types of personal property?
Expert
Personal property can be divided into three main types:
1. Chattels or goods – tangible, moveable things such as cars and furniture.
2. Choses in action – intangible things (chose is the French word for thing) such as cheques, shares, and promissory notes.
3. Intellectual property – results of the creative process and the protection attached to those ideas through patents, copyrights, etc.
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1. GML owns 92% of the issued shares in Explorer Ltd. The remaining 8% of the shares are held by five individuals, including a Mr Owen who owns 0.5% of the issued shares. Mr Owen is a high profile individual who has at times been critical of the Chinese government’s activities in the South China
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