0
What else can I help you with?
Does Oklahoma have personal property tax?
Yes, Oklahoma does have a personal property tax, but it is not as widely applied as in some other states. The tax primarily applies to certain types of personal property, such as business equipment and machinery. Residential personal property, like household goods and vehicles, is generally exempt from this tax. Each county in Oklahoma may have different regulations and assessment practices regarding personal property tax.
What types of property would be goods under the Uniform Commercial Code?
A computer.
Are shoes considered consumer goods?
Yes, shoes are considered consumer goods as they are products purchased by individuals for personal use. They fall under the category of durable goods, as they are typically used over an extended period. Shoes are essential for daily activities and are available in various styles and types to meet consumer needs.
List 3 types of bonds?
Personal - Surety - Property
What types of DOD property do you assign DE-MIL code?
All DOD personal property
What are the 3 types of property?
The three main types of property are real property (land and anything attached to it), personal property (movable possessions), and intellectual property (creations of the mind like inventions or artistic works).
What are the examples of merit goods?
Types of goods that are generally considered necessary or needed are known as merit goods. These goods were first introduced by Richard Musgrave in 1957.
Can money be the subject of a bailment?
Yes, money can be the subject of a bailment. In a bailment arrangement, one party (the bailor) temporarily transfers possession of personal property to another party (the bailee) for a specific purpose, with the expectation that the property will be returned or otherwise disposed of according to the bailor's instructions. Since money is considered personal property, it can be bailed under the same principles that apply to other types of tangible goods. However, the terms of the bailment must clearly outline the responsibilities and expectations regarding the handling and return of the money.
What if assets are primarily personal property?
All states have a set of exemptions that can be used by the debtor to protect specific types and amounts of real and personal property in a bankruptcy or lawsuit action. Creditors rarely use a lawsuit judgment to seize personal property such as household goods exempt or not, the process is just not worth the effort. The exception is if the property is collateral for the debt, for example a big screen TV bought on a merchant account such as Sears. In bankruptcy the decision is made by how the trustee chooses to determine the status of such property under the state and/or federal exemptions.
What different types of laws did Hammurabi have?
Property, Family, and Personal Injury Law
Types of debt included in chapter 7?
A debtor surrenders or forfeits any non-exempt assets: These assets are usually in the form of personal belongings or property and are treated differently from state to state. In most states, filers can keep most personal items and household goods, while property exemptions vary. Absent the ability of the debtor to maintain payment in full on real property assets, these assets are usually forfeited.
What types of appraisals are needed for Personal Property insurance coverage?
any store that product is same
