Which of the following is classified as General Intangibles?

General intangibles are a category of personal property that includes a wide array of non-physical assets. This classification encompasses rights and interests that cannot be classified as tangible personal property or as specific types of personal property, such as accounts or instruments.

The correct choice specifically highlights rights in intellectual property and business goodwill, which are prime examples of general intangibles. Intellectual property rights, such as patents, trademarks, and copyrights, do not have a physical presence but hold significant economic value and are considered general intangibles under the Uniform Commercial Code (UCC). Business goodwill also falls into this category, as it represents the reputation and associated value of a business, rather than a physical asset.

In contrast, real estate properties are classified as real property, physical inventory consists of tangible goods, and cash and cash equivalents are categorized as liquid assets with immediate cash value; none of these fit the definition of general intangibles. Understanding these classifications helps clarify the nature of various assets in secured transactions, which is essential for compliance and legal considerations in the field of secured financing.