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Real, Intellectual, and Personal Property List two characteristics each of real, intellectual, and personal property. Do owners of real, intellectual, and personal property each have the same rights under the law? List how each type of property is treated under the law. Explain why it is in the best interest of society to treat these â¦ Real, Intellectual, and Personal Property List two characteristics each of real, intellectual, and personal property. Do owners of real, intellectual, and personal property each have the same rights under the law? List how each type of property is treated under the law. Explain why it is in the best interest of society to treat these types of property the same or differently. Guided Response: Respond to at least two of your classmatesâ postings by Day 7.
Types of Exempt Property. The types of property that are exempt are defined by both state and federal law in the same manner as in a Chapter 7 case. Each of the 50 states has its own law classifying the types of property that are exempt, as well as laying down definitions for the property types. In many cases, these laws also place a limit on the value of certain exempt property. Some common examples of property that many states include as exemptions include: automobiles; family homes (sometimes referred to in the ...