Asked by Kailyn Holmes on Apr 27, 2024
Verified
Transfer of title to personal property can occur by all but which of the following ways?
A) By deed.
B) By gift.
C) By will or descent.
D) By accession.
Transfer Of Title
The legal process of transferring property ownership from one party to another.
Personal Property
Personal property refers to movable assets or belongings that are not fixed to one location, such as furniture, vehicles, and electronic equipment, in contrast to real property.
Deed
A legal document that represents the ownership of real estate or property, which is transferred from one party to another.
- Understand the circumstances that allow for the presentation of gifts and their subsequent legal consequences.
Verified Answer
RJ
Raymart Joseph SindacMay 01, 2024
Final Answer :
A
Explanation :
Transfer of title to personal property typically does not occur by deed. Deeds are generally used for the transfer of real property (real estate), not personal property. Personal property can be transferred by gift, will or descent (inheritance), and accession (the addition to property through labor or the addition of new materials).
Learning Objectives
- Understand the circumstances that allow for the presentation of gifts and their subsequent legal consequences.