Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.
What is CHOSE IN POSSESSION
A thing in possession, as distinguished from a thing in action. Sterling v. Sims, 72 Ga. 53; Vawter v. Grilli, 40 Ind. 001. See CHOSE IN ACTION. Taxes and customs, if paid, are a chose in possession; if unpaid, a chose in action. 2 Bl. Comm. 408.
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