CHOSE IN ACTION Meaning and
Definition
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"Chose in action" is a legal term used to refer to a type of personal property right that is intangible and can only be enforced through legal action. It encompasses various legal claims or rights that can be asserted or exercised by an individual or entity against another party. The term is derived from French, where "chose" means a thing, and "action" refers to legal proceedings.
Typically, a chose in action arises when someone has a right to receive a payment, debt, obligation, or any other type of relief or benefit from another party. This can include rights arising from contracts, loans, mortgages, insurance policies, patents, copyrights, or even personal injury claims. As it cannot be physically possessed or touched, the chose in action represents an enforceable legal right rather than a physical object.
Choses in action can be bought, sold, assigned, inherited, or otherwise transferred or assigned to another person or entity. The assignee or transferee of the chose in action acquires the right to enforce or collect the claim or right associated with it. In legal disputes, a chose in action can be subject to litigation or settlement, and its value is often determined by factors such as the likelihood of success in the legal action or the amount of the claim.
Common Misspellings for CHOSE IN ACTION
- xhose in action
- vhose in action
- fhose in action
- dhose in action
- cgose in action
- cbose in action
- cnose in action
- cjose in action
- cuose in action
- cyose in action
- chise in action
- chkse in action
- chlse in action
- chpse in action
- ch0se in action
- ch9se in action
- choae in action
- choze in action
- choxe in action
- chode in action
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