equity and trusts

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Pre-written Papers:

Title: equity and trusts

Essay Details:

Subject: Miscellaneous

Author: Hazel H

Date: August 14, 2015

Level: University

Grade: A

Length: 9 / 2545

Essay text:

Similarly, a creditor may obtain a loan from a factor by assigning in his favor all his rights over a debt. These type of assigned rights are called ?choses in action', which are intangible rights as opposed to ?choses in possession' (a right to tangible objects). Channell J defined the expression ?choses in action' in Torkington v Magee , to mean "all personal rights of property which can only be claimed or enforced by action, and not by taking possession." When a right in the nature of a chose in action is transferred from an assignor to an assignee, an assignment is made. Assignment is commonly used in Malaysia to transfer rights to book debts, securitisable assets, goods, and other receivables...

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