Fundamentals of Surveying (FS) Practice Exam

Which type of property is movable and cannot be recovered?

1. Real property

2. Personal property

3. Real estate

4. Inheritable property

The correct answer is: Personal property

Personal property refers to movable assets that are not affixed to land or buildings. This type of property includes items such as furniture, vehicles, and electronics, which can be relocated from one place to another without affecting their functionality or value. When discussing properties that cannot be recovered, it aligns with personal property as it is typically considered to be more susceptible to being lost, damaged, or stolen compared to immovable assets like real estate. Real property, real estate, and inheritable property refer to assets that are inherently fixed to a location or are passed down through generations, thus not fitting the description of being movable and irretrievable in the same context as personal property. Understanding the characteristics of personal property can help in various legal and financial situations, such as when valuing assets or handling estate matters.