Thing in action: Difference between revisions

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A [[thing in action]] — in kinder days known as a [[chose in action]] — is an intangible right that only the law can see —that you wouldn’t think existed at all but for the fact you can sue on it — and is to be contrasted with to something even a non-lawyer can stub {{sex|her}} toe on.  
{{g}}A [[thing in action]] — in kinder days known as a [[chose in action]] — is an intangible right that only the law can see — that you wouldn’t think existed at all but for the fact you can sue on it — and is to be contrasted with to something even a ''non''-lawyer can stub {{sex|her}} toe on.  


*''Things you can stub your toe on'': pavements, rocks, watches you stumble upon by the sea when taking an after-dinner stroll.
*'''Things you can stub your toe on''': pavements, rocks, watches you stumble upon by the sea when taking an after-dinner stroll; also, the more mundane and, alas for our purposes, ''germ''ane, [[Bearer security|bearer securities]] and other [[financial instruments]] to which title passes by delivery. Other than, amusingly, [[cash]], which like Ford Fairlane’s love, cannot be held.
*''Things in action'': [[Guarantees]]; [[indemnities]]; claims for compensation for wrongdoing which would be entertained by a well-directed member of the judiciary. You know: things which you can’t stub your toe on, but which can nonetheless trip you up.
*'''Things in action''': [[Guarantees]]; [[indemnities]]; claims for compensation for wrongdoing which would be entertained by a well-directed member of the judiciary. You know: things which you ''can’t'' stub your toe on, but which can nonetheless trip you up.


[[thing in action|Things in action]] count as [[property]] for the purposes of the [[Law of Property (Miscellaneous Provisions) Act 1994]], and expressions like [[full title guarantee]].  
[[thing in action|Things in action]] count as [[property]] for the purposes of the [[Law of Property (Miscellaneous Provisions) Act 1994]], and expressions like [[full title guarantee]].  


Which is nice.
Which is nice.
 
{{Lex situs and abwos}}
{{Seealso}}
{{Sa}}
*A [[legal assignment]] as compared to an [[assignment by way of security]]
*A [[legal assignment]] as compared to an [[assignment by way of security]]
*[[The blind watchmaker]]
*[[The blind watchmaker]]
{{egg}}
{{egg}}

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