Chose In Action: Difference between revisions
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(Created page with "Category:Legal Principles ==Chose in Action<ref="Chose in Action"/>== Personal rights of property which can only be claimed or enforced by action and not by taking physi...") |
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[[Category:Legal Principles]] | [[Category:Legal Principles]] | ||
==Chose in Action<ref="Chose in Action"/>== | ==Chose in Action<ref name="Chose in Action"/>== | ||
Personal rights of property which can only be claimed or enforced by action and not by taking physical possession (as distinct from choses in possession, things capable of physical possession). Divided into legal and equitable choses in action, depending on whether they can be recovered or enforced by action at law (such as debts, insurance, claims of shares in a corporation) or, formerly, only by a suit in equity (such as an interest under a trust). | Personal rights of property which can only be claimed or enforced by action and not by taking physical possession (as distinct from choses in possession, things capable of physical possession). Divided into legal and equitable choses in action, depending on whether they can be recovered or enforced by action at law (such as debts, insurance, claims of shares in a corporation) or, formerly, only by a suit in equity (such as an interest under a trust). | ||
Revision as of 21:03, 16 August 2021
Chose in Action[1]
Personal rights of property which can only be claimed or enforced by action and not by taking physical possession (as distinct from choses in possession, things capable of physical possession). Divided into legal and equitable choses in action, depending on whether they can be recovered or enforced by action at law (such as debts, insurance, claims of shares in a corporation) or, formerly, only by a suit in equity (such as an interest under a trust).
References
- ↑ 1.0 1.1 Practical Law, Thomson Reuters, https://ca.practicallaw.thomsonreuters.com/0-621-0054, retrieved August 16, 2021
