Chose In Action definition:
A property right in something intangible, or which is not in one's possession, but enforceable through legal or court action.
Related Terms: Personal Property ...
Chose In Action:
The right of property in intangible things which are not in one's possession, but that are enforcible through legal or Court action, such as debts, insurance claims, shares in a company, pensions and salaries.
Chose in action
A right of property in intangible things or in things which are not in one's possession, which right is enforceable through legal or court action.
Chose in action
Definition
: a right to something (as payment of a debt or damages for injury) that can be recovered in a lawsuit
also
: a document (as a check or stock certificate) embodying such a right ...
A chose in action cannot be assigned at law, though it may be done in equity; but the assignee takes it subject to all the equity to which it was liable in the hands of the original party.
A chose in action was not assignable at common law, and therefore contracts or agreements could not be negotiated. But exceptions have been allowed to this rule in relation to simple contracts, and others have been introduced by legislative acts.
Less accurately, the money itself which could be recovered is frequently termed a chose in action, as is also sometimes the document evidencing a title to a chose in action, such as a bond or a policy of insurance, ...
Chose: A case of action; chattel or personal property; a personal right; a chose in action.
Citation: A notice of a court proceeding; a writ commanding a person to appear in court on a certain day.
Clarke, Kenneth (Quotes By)
non est factum
assignor
Chose In Action (legal term) ...
 See also: Chose, Thing, Action, Right, Term
  
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