Property in Business Law

Which of the following is the BEST definition of property?

• Something you can physically hold

• Anything that can be owned, controlled, and transferred

• Only land and buildings

• Objects that have sentimental value

Which of the following is an example of real property?

• A bicycle

• A company logo

• A stock investment

• A house

Which of the following is an example of personal property?

• A trademarked company name

• A farm

• A laptop

• A city park

Which type of property includes ideas, inventions, and creative works?

• Personal property

• Real property

• Intellectual property

• Public property

True or False: A car is considered real property.

• True

• False

If you bolt a dishwasher into your kitchen, it becomes real property.

• True

• False

Which of the following is NOT considered intellectual property?

• A patent

• A painting

• A house

• A trademark

Which of these is protected by a trademark?

• A company’s office building

• A company’s slogan

• A novel written by an author

• A government road

Which legal protection applies to creative works like books and music?

• Copyright

• Patent

• Trademark

• Public ownership

What type of property is a McDonald's secret sauce recipe?

• Tangible property

• Public property

• Personal property

• Trade secret