Enterprise as personal property
Article 414 of the Civil Code provides that all things which are or may be the object of appropriation are considered either real property or personal property. Business is likewise not enumerated as personal property under the Civil Code. Just like interest in business, however, it may be appropriated.
Following the ruling in Stochecker v. Ramirez, business should also be classified as personal property. Since it is not included in the exclusive enumeration of real properties under Article 415, it is therefore personal property. (Laurel vs. Abrogar; Secretary of the Department of Environment and Natural Resources vs. Yap)
Following the ruling in Stochecker v. Ramirez, business should also be classified as personal property. Since it is not included in the exclusive enumeration of real properties under Article 415, it is therefore personal property. (Laurel vs. Abrogar; Secretary of the Department of Environment and Natural Resources vs. Yap)
