Which of the following would NOT be considered personal property?

Prepare for the Alabama Title Insurance Test. Practice with flashcards and multiple-choice questions, each question has hints and explanations. Get ready for your exam!

Title is considered real property rather than personal property. In the context of property law, personal property refers to movable items or assets that are not permanently attached to land or structures, such as leases, mortgages, and stocks.

A lease is an agreement that allows a tenant to use a property and is considered a personal property right. A mortgage is a financial agreement that pledges property as collateral for a loan, and while it relates to real property, the mortgage document itself falls under personal property as it is a transferable interest. Stocks represent ownership in a corporation and are also classified as personal property because they are tangible representations of a financial asset.

Therefore, title, which signifies ownership of real property, does not fit the definition of personal property. This distinction is crucial in understanding property categorization within real estate and associated legal instruments.

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