Chapter TSEM6016
| Published date | 02 May 2016 |
| Record Number | TSEM6016 |
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 | - |
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