"Classification of Property". Dicuss the types of property, providing an example of each and why each...

"Classification of Property". Dicuss the types of property, providing an example of each and why each falls into it's classification. Provide an instance of when you have seen eminent domain in action in your community. If you have not seen this situation, create an example of how this may occur.

Expert Solution

There are two types of property- Real Property and Personal Property.

Personal property is movable property. It's anything that can be subject to ownership, except land. Real property is immovable property - it's land and anything attached to the land. Normally, a piece of property can be easily classified as either personal property or real property.

ekkarill92 answered 2 years ago

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