A Treatise on the Law of Choses in Action: Together with an Appendix of Forms and Statutes (Classic Reprint)

Excerpt from A Treatise on the Law of Choses in Action: Together With an Appendix of Forms and Statutes

In the initial tentative steps which were taken towards a fusion of Law and Equity, one of the earliest subjects dealt With was that of choses in action; and amid all the efforts which have been made, none has been more successful. The doctrines of Equity and Common Law have been assimilated in the highest degree, where, before, the divergence was very Wide, and we now have choses in action as freely assignable at law, as they are in equity.

The result of this assimilation is, that a greater activity is displayed in the assignment of debts, etc., since a debt is generally speaking, as easily recoverable in the hands of an assignee as if it remained in the hands of the original owner. As an evidence of the increase of transactions in assignments of choses in action, it may be mentioned that during the last four years more cases have appeared in our reports under this head, than appeared before that time.

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