chose in action

A chose in action is essentially a right to sue.

Neither can it be used to garnish choses in action.

Today it is generally stated that a share is a chose in action.

The credit balance in a customer's bank account is a chose in action.

From this definition, assignments of choses in action are excluded and this is also the case with money.

He said the right to claim payment of a deposit with a bank is a chose in action - a proprietary right.

Choses in action were, before the Judicature Acts, either legal or equitable.

In some jurisdictions intangible property are referred to as choses in action.

The account is a chose in action, i.e. a debt owed by the bank to the customer or vice-versa.

Assignment of debts and choses in action.

There cannot be an action in conversion for choses in action or mere debt.

For example, North Carolina has statutes that make it a crime to steal choses in action, growing crops and so on.

The Judicature Acts made the distinction between legal and equitable choses in action of no importance.

Alternatively, it is an enforceable right like a patent, other types of intellectual property, or a chose in action such as shares and bank accounts.

The assignment of choses in action is generally permitted, and is in most states regulated by statute.

It created no new right of property or chose in action: it merely enabled a pre-existing right to be enforced.

Later decisions have included gifts of other choses in action by delivery of the essential indicia of title.

Statutes generally include conversion of tangible personal property, intangible personal property and choses in action.

Personal property may be classified in a variety of ways; such as goods, money, negotiable instruments, securities, and intangible assets including choses in action.

Equitable liens have been held to exist in a number of cases involving choses in action, but not yet in relation to chattels.

Before the Judicature Acts, a legal chose in action was not assignable, i.e., the assignee could not sue at law in his own name.

An important legal consequence of the intangible nature of interests in securities is that they, as choses in action, are incapable of possession at common law.

They can sell it, assign it, exchange it, release it, mortgage it, and do most other things that they could do with a chose in action.

However, "chose" in these senses is practically obsolete, and it is now used only in the phrases chose in action and chose in possession.

This rule, which was formerly applicable only to equitable interests in choses in action and personal trust funds, now applies to equitable interests in all kinds of property.