Question

Marcy owns land in north dakota under which deposits of oil shale are discovered. marcy sells the rights to the shale to oil mining inc. once the oil in the rock is removed, it will be considered​

Answer 1

It will be considered as Personal Property. Personal Property can incorporate any benefit other than land. The recognizing factor between individual property and land is that individual property is versatile; that is, the benefit isn't settled for all time to one area as with genuine property, for example, land or structures. Cases of individual property incorporate vehicles, furniture, vessels, and collectibles.