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two types of personal property
tangible - choses in possession - chatte;s
intangible - choses in action
what are the two ways chattels are transferred
informally, by delivery
formally, by deed
informally, by delivery - two requirements
an intention to give
a legally recognised form of delivery
Glastier-Carlise v Glastier-Carlise (1968)
confirms that the relevant intention is of the donor
3 types of legally recognised delivery
actual
constructive
symbolic
actual delivery
physical handing over of the item
Re Cole (1968)
husband told wife furniture was 'all yours’ - held no valid gift as there was no actual delivery and words of gift are insufficient to transfer property
constructive delivery
donor puts donee in the position where they can take phsycial possession of the item th
thomas v times book company [1966]
effective constuctive delivery as T gave words of gift and put porducer in the posesion to take delivery of the object as a gift
symbolic delivery
trasnfer by something representing the item
lock v heath (1892)
husband wished to give wife furniture - oinly one chair given and an inventory with all items - consituted effective symbolic delivery
formally, by deed - requirements of a deed
must be clear it is intended to be a deed
be signed with a witness
be delivered as a deed
requirements for the legal assignment of debt
must be assigned in writing, must be signed, express notice must be given to the debtor
two step process for transferring shares in a private company
transfer in statutory form signed by the transferor
registration