LAWS5008 Midterm: LAWS5008-Intro-to-Property-and-Commercial-Law_Part-2

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25 Jul 2018
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Topic 4 - assignment & disposition of interests. 92 (5b) commercial dealings as security interests over property. 3 (2) personal property - introduction to choses in. Possession (i) taxonomy of personal property (a) taxonomy of property interests. Chose in possession: an item of tangible personal property that is capable of physical possession by the owner and of transfer by delivery (eg a book or chair). Choses in possession are distinguished from choses in action, which are intangible forms of personal property. (b) chattel real & chattel personal. The law allows the holders of property rights to goods which are dif cult of impossible to replace to recover those goods from others wrongly in possession of them. The categories of realty and personality no longer indicate with accuracy whether a property right entitles the holder to recover the thing itself or merely receive compensation for its loss. However, they are normally enforced by means of personal rights.

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