PERSONAL PROPERTY

PERSONAL PROPERTY

Personal property is any property that is not real property. It includes money, movable goods or chattels,
evidences of debt and choses (things) in action.

“Choses in action” is a legal phrase used to describe the right to recover money or other personal property
through a judicial proceeding. It includes the right to recover something under a contract (e.g., money owed on
a note) and the right to recover damages for a tort or private wrong.