Which of the following is true about personal property?

The statement about personal property being inclusive of movable goods and evidence of debt is accurate because personal property can encompass a wide range of items other than just physical objects. This category includes tangible items such as furniture, vehicles, and equipment, which are movable and can change location. Additionally, personal property also covers intangible assets like stocks, bonds, and various forms of evidence of debt, which represent ownership or a claim to a certain value.

This understanding is crucial in distinguishing personal property from real property, which refers to land and anything permanently attached to it, such as buildings or fixtures. The idea that personal property can encompass both movable goods and intangible assets reflects the broader legal and economic definitions within property law.