A truckload of lumber that a homeowner purchased has been left in the driveway for use in building a porch. The lumber is considered

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A truckload of lumber that a homeowner purchased has been left in the driveway for use in building a porch. The lumber is considered personal property {until it's built}.

All non-real estate property is considered property. This includes all clothing, jewelry, all tangible items such as household items and furnishings, and everything else that is mobile and not permanently attached to a fixed location such as a home.

Other financial assets such as bank accounts and investment accounts are also considered personal assets. Creditors often take this into account when determining the likelihood of a borrower repaying a debt, so when applying for a loan or credit, you consider your personal assets as assets to increase your value can list.

Learn more about personal property here : https://brainly.com/question/3349406

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