Compare and contrast the difference between intellectual property, real property, and personal property.

Learning Goal: I’m working on a law writing question and need the explanation and answer to help me learn.

In a real estate contract, two parties enter into the contract to exchange real property. As the closing date approaches, the sellers have changed their minds and have decided that they are not willing to move. Compare and contrast the difference between intellectual property, real property, and personal property. Then, identify the defenses to a breach-of-contract action and which is the best action in this scenario? Give examples for each and cite your textbook.

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