Multiple Choice
You call by phone to a concert ticket service and use your credit card to purchase two tickets to the "Elvis Reincarnation Tour" concert scheduled for July 4.Assuming that Elvis truly has returned and will play at the show,which of the following is true after you hang up the phone.
A) You have acquired no property now,but will when the concert starts.
B) You have just acquired tangible personal property.
C) You have just acquired intangible personal property.
D) You have acquired no property now,but will when the concert tickets arrive in the mail.
Correct Answer:

Verified
Correct Answer:
Verified
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