Washington State Insurance Practice Exam

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Prepare for the Washington State Insurance Exam. Study with interactive flashcards and multiple-choice questions. Each question offers hints and explanations to help you succeed.

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What type of property is classified as non-moveable?

Intellectual Property
Real Property
Tangible Personal Property
Temporarily Property

The correct answer is: Intellectual Property

Intellectual property is defined as any intangible asset that is the result of creativity, such as patents, copyrights, and trademarks. Real property (B) refers to land and anything permanently attached to it, such as buildings and structures. Tangible personal property (C) refers to physical items, such as furniture, equipment, and vehicles, that can be moved. Temporarily property (D) is not a recognized term in property law. It is important to note that while intellectual property is considered non-moveable, it does not necessarily mean it cannot physically be moved, but rather it is not a physical object that can be moved.