The phrase ‘choses in action’ was defined in Torkington v Magee  2 KB 427 by Channel J at p. 430 as including ‘all personal rights of property which can only be claimed or enforced by action, and not by taking physical possession’. Choses may be legal or equitable: legal choses include, in addition to those discussed above, debts and policies of insurance. Equitable choses include rights under a trust or a will.
The statutory requirements for assignment of a legal chose are contained in the Law of Property Act 1925, s. 136(1), and are, briefly:
(1)a written assignment in favour of the assignee, and