Which form of property encompasses personal items that can be moved?

The correct choice refers to movable property, which is understood as personal items that are not permanently affixed to a particular location and can be relocated. This type of property includes things like furniture, vehicles, and personal belongings, which can typically be transported from one place to another without significant difficulty.

In contrast, real property refers to land and anything permanently attached to it, such as buildings and structures, and cannot be moved. Intellectual property involves creations of the mind such as inventions, literary and artistic works, and symbols, names, and images used in commerce, which are not physical items at all. Lastly, inherited property pertains to assets passed down through inheritance, which can include various forms of property, but does not specifically define the movable aspect.

Thus, the distinction lies in the nature of the items: movable property encompasses those that can easily be transported, making it the appropriate answer in this context.