What are the advantages and disadvantages of owning personal property?

What are the advantages and disadvantages of owning personal property?

Expert Solution

Personal property is an asset to the person and having one is really an advantage . The property will be their own and no one can copy or take it from them even their heirs. It will not go from person to person like an immovable property and can be given to the person whom we wish to give it to. They are tangible and hence the person can take them from one place to the other. However having a personal property is a burden and some times dangerous. The person needs some measures to safeguard them. Also if the person dies and did not give the property to anyone , it might be lost and no one can claim it without the permission of the owner.

keosha answered 1 year ago

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