Solicitors & Lawyers
Legal Phrases
Term: personal property
1.
Personal property in law is property that is not real property. As such it includes all moveable property and chattels which obviously includes goods.
Recovering personal property taken by another in civil law (as opposed to criminal law and the system of law on the Continent) was not possible from someone not in lawful possession. The actions of conversion and detinue are available to base a claim for damages, a solely pecuniary remedy.
Usage: The claimant commenced legal proceedings in the tort of conversion for the personal property taken.
Related Words: real property; possession is 9/10s of the law; property; asset; chose in action; chose in possession; charge; mortgage; legal mortgage; fixed charge; floating charge; equitable mortgage.
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