‘Incorporeal property’ means property which is not composed of physical matter. Hence, debts and options are incorporeal; those particular examples of incorporeal property are dealt with at ¶510-900 and ¶508-550, respectively. Other instances of incorporeal property include choses in action.

A ‘chose in action’ is a legal term referring to the ownership of a right, as distinct from a ‘chose in possession’, which relates to actual goods and chattels.

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