What is a distinguishing characteristic of personal property?

Personal property is defined primarily by its mobility, meaning that it can be moved from one location to another. Unlike real property, which is fixed and immovable (such as land and buildings), personal property encompasses movable items like furniture, vehicles, and equipment. This distinguishing characteristic of personal property is key in differentiating it from real estate.

The other characteristics listed—such as immovability, permanence, and legal rights—apply more to real property than to personal property. Immovability and permanence refer to the nature of real estate, which is fixed in place. Legal rights pertain to ownership rights associated with both personal and real property, but they do not define personal property itself. Therefore, the emphasis on mobility accurately captures what sets personal property apart from other types of property.