TSEM6016 - Legal background to trusts & estates: the law in England & Wales - choses in possession & choses in action

There are two groups of chattels personal (TSEM6015) - choses-in possession and choses in action.

Choses in possession

Choses in possession are tangible property, transferred by assignment, or by manual delivery.

They include

  • clothes
  • stock-in-trade
  • furniture
  • plant and machinery
  • personal effects
  • live and dead stock
  • cars

Choses in action

Choses in action are intangible property - rights of action to obtain money. They are transferred by documents.

They include

  • loan debts
  • insurance policies
  • bank balances
  • copyright
  • negotiable instruments
  • patents
  • holdings in companies
  • interests in other estates
  • partnership interests
  • options
  • goodwill


Home|Main Contents|Manual Contents

Previous Page|Next Page|Top|Menu