Question

9.Define personal property?

10. Describe the zoning laws.

Business Law questions.

Answer 1

Personal property

Personal property is a class of property that can include any asset other than real estate. The distinguishing factor between personal property and real estate, or real property, is that personal property is movable; that is, it isn't fixed permanently to one particular location. Real property—such as land or most kinds of buildings—is not movable. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Personal property can also be intangible, as in the case of stocks and bonds.

Zoning laws

Zoning laws are usually in place to make sure developments adhere to a region’s Master Plan.When the Master Plan is written or revised, it is done so with a vision for the area and ordinances are put in place accordingly. Depending on factors like a municipality’s location, climate, population density, and more, the zoning laws will be used to ensure these criteria are met. Often, space is allotted for Residential development only, so that Commercial and Industrial buildings don’t intrude in people’s daily lives. In the same area, you could have setback and plot standards meant to regulate the look of a neighborhood.