How does tangible personal property differ from intangible personal property?

• Tangible property cannot become a fixture; whereas, intangible property can become a fixture.

• Tangible property can be classified as chattel; whereas, intangible property cannot be classified as chattel.

• Tangible personal property cannot be sold as fungible property; whereas, intangible property can be sold as fungible property.

• Tangible property cannot be treated as intellectual property; whereas, intangible property can be treated as intellectual property.