Question

Make a list of 25 pieces of real or personal property which you or someone you know owns or possesses. By each piece of property indicate what type of property it is, what interest is held in the property, and how the property was acquired. In addition, note whether there has ever been a trespass to the property. Try to include as many pieces of property as possible, including property owned by others such as parents or other relatives, and friends. For instance, you may have as one of the items your car that was rented and stolen, and so on. Once you have made the list, think about whether you fully understood the property rights involved before reading the chapter and making the list.

Answer 1

Answer:
Sl No:	Name of the Property	Type of property	Interest in the Property	Acquisition Method	Note
1	Land	Fixed Assets	Direct Interest	By Loan	No trespass is there
2	Building	Fixed Assets	Direct Interest	By Loan	No trespass is there
3	Residential House	Fixed Assets	Direct Interest	By loan	No trespass is there
4	Freehold Land	Fixed Assets	Direct Interest	Not acquire. Its freehold	trespass is there
5	Plant & machinery	Fixed Assets	Direct Interest	By Cash	Not Applicable
6	Motor car	Fixed Assets	Direct Interest	By Loan	Not Applicable
7	Jewellary	Fixed Assets	Direct Interest	By Cash	Not Applicable
8	Short term Investment	Current Assets	Direct Interest	By Cash	Not Applicable
9	Long term fixed deposit	Fixed Assets	Direct Interest	By Cash	Not Applicable
10	Fine Art	Fixed Assets	Direct Interest	By Cash	Not Applicable
11	Musical Instrument	Fixed Assets	Direct Interest	By Cash	Not Applicable
12	Silverware	Fixed Assets	Direct Interest	By Cash	Not Applicable
13	China and glassware	Fixed Assets	Direct Interest	By Cash	Not Applicable
14	Sports and hobby equipment	Fixed Assets	Direct Interest	By Cash	Not Applicable
15	Electronics	Fixed Assets	Direct Interest	By Cash	Not Applicable
16	Cash	Current Assets	Direct Interest	Its not acquire	Not Applicable
17	Receivable	Current Assets	Direct Interest	Its is due from others.	Not Applicable
18	Inventory	Current Assets	Direct Interest	By Cash	Not Applicable
19	Almirah	Fixed Assets	Direct Interest	By Cash	Not Applicable
20	Table and Chair	Fixed Assets	Direct Interest	By Cash	Not Applicable
21	Sofa set	Fixed Assets	Direct Interest	By Cash	Not Applicable
22	Television Set	Fixed Assets	Direct Interest	By Cash	Not Applicable
23	Computer	Fixed Assets	Direct Interest	By Cash	Not Applicable
24	Desk and accessories	Fixed Assets	Direct Interest	By Cash	Not Applicable
25	Pictures and decoration	Fixed Assets	Direct Interest	By Cash	Not Applicable