What is a characteristic of tangible property?

The correct answer identifies tangible property as physical assets like land and buildings. Tangible property is defined by its physical presence; these assets can be seen, touched, and measured. Their intrinsic value is often derived from their usability and the benefits they provide, whether it be a home for shelter, space for business operations, or a plot of land for agricultural purposes.

In contrast, the other choices describe categories of assets that lack physical substance. Intangible assets, such as patents, represent legal rights or privileges but do not have a physical form that can be touched or measured. Financial instruments, like stocks, are representations of ownership or debt without a physical presence, existing only in a financial sense or digital record. Legal rights and trademarks also fall into the category of intangible assets, as they pertain to legal entitlements without a tangible form. This distinction is crucial in both real estate and financial contexts, emphasizing the fundamental difference between tangible and intangible property types.