What type of property can be classified as personal property?

Personal property refers to movable items that are not permanently attached to land or buildings. This classification includes tangible assets such as vehicles, furniture, equipment, and other possessions that can be easily moved or transferred from one location to another. In the context of the question, vehicles are quintessential examples of personal property because they are portable and not affixed to real estate.

On the other hand, land, buildings, and commercial structures are classified as real property, which is immovable and typically affixed to a specific location. Real property includes anything that is permanently attached or associated with the land, making vehicles distinctly different as they are not bound to a particular place. Thus, the correct answer highlights the nature of personal property effectively.