Alan purchased a piece of land from Zirka.He used a cheque to pay for the price.Which of the following statements is TRUE?

Question

Quizplus · Accepted Answer

The cheque represents a right of payment, which is an intangible property. A chose in action refers to a right that can be enforced through legal action, such as a debt or an entitlement to compensation, but the land is a physical object and therefore a chose in possession. Chattels are movable personal property, so the rights represented by the cheque cannot be classified as chattel. The piece of paper that Zirka received is simply evidence of the transaction and does not constitute a chose in action.

Alan Purchased a Piece of Land from Zirka