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What is the characteristic of personal property?

  1. It is immovable

  2. It is associated with the land

  3. It is moveable

  4. It includes permanent structures

The correct answer is: It is moveable

Personal property is any physical property that can be easily moved, such as furniture, artwork, or vehicles. Option A, being immovable, would make the property considered real estate rather than personal property. Option B, being associated with land, would also make the property considered real estate and not personal property. Option D, including permanent structures, would also make the property considered real estate since permanent structures are not easily movable. Therefore, the characteristic of personal property is that it is moveable.