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Personal property

Personal property includes all movable and tangible things that are not real property—such as money, goods, furniture, motor vehicles, animals, stocks, bonds, patents, copyrights, merchandise, and personal annuities.

In Delaware, personal property is defined as any movable or tangible item that is not considered real property. This includes a wide range of items such as money, goods, furniture, motor vehicles, animals, and various types of securities like stocks and bonds. Intellectual property rights such as patents and copyrights, as well as personal annuities, are also classified as personal property. The state of Delaware has specific statutes and regulations that govern the treatment, transfer, and taxation of personal property. For instance, Delaware does not impose a state or local sales tax on personal property purchases, which is a unique aspect of its tax law. Additionally, Delaware has laws that address the inheritance of personal property, the granting of security interests in personal property under the Uniform Commercial Code (UCC), and the treatment of personal property in bankruptcy proceedings. Individuals seeking to understand their rights and obligations regarding personal property in Delaware may benefit from consulting with an attorney who is knowledgeable in state property laws.

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express warranties in leases of goods express warranties in sales of goods

implied warranties in leases of goods implied warranty in repairs

repossession of property

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Personal property

As a LegalFix Member You Will Be an Important Client of Local Law Firms

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Delaware State Code

Personal property

Delaware State Code

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