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Chose In Possession: A Comprehensive Guide to Its Legal Meaning
Definition & Meaning
The term "chose in possession" refers to a type of property right where an individual has actual physical control over a thing or right. Unlike "chose in action," which represents a right to claim something from another party, a chose in possession indicates that the claimant has the item or right in their immediate possession. For example, cash in a person's wallet is considered a chose in possession, while a debt owed to them is classified as a chose in action.
Table of content
Legal Use & context
Chose in possession is primarily used in property law and contract law. It is relevant in situations involving tangible personal property, such as vehicles, jewelry, or cash. Understanding this term is crucial for individuals dealing with property transactions, estate planning, or disputes over ownership. Users can manage certain legal processes related to choses in possession through templates available on platforms like US Legal Forms, which provide resources drafted by experienced attorneys.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Here are two examples of chose in possession:
A person has a bicycle locked in their garage. They have actual possession of the bicycle, making it a chose in possession.
A person carries a smartphone in their pocket. The smartphone is in their physical control, qualifying it as a chose in possession.
State-by-state differences
Examples of state differences (not exhaustive):
State
Chose in Possession Definition
California
Recognizes chose in possession in property disputes involving tangible items.
New York
Similar recognition of chose in possession, especially in personal property cases.
Texas
Emphasizes actual physical control in determining ownership rights.
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Chose in action
A right to claim a debt or benefit from another party, not involving physical possession.
Tangible property
Physical items that can be touched or held, which can include choses in possession.
Common misunderstandings
What to do if this term applies to you
If you find yourself dealing with a chose in possession, consider the following steps:
Assess your physical control over the property or right in question.
Gather any relevant documentation that supports your claim of ownership.
Explore legal form templates on US Legal Forms to help manage any transactions or disputes.
If the situation is complex, seek advice from a legal professional to ensure your rights are protected.
Find the legal form that fits your case
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