806. Corporeal and incorporeal chattels.

Property in chattels personal may be in possession or in action. It is in possession where the possessor has not only the right to enjoy, but the actual enjoyment of, the chattels, the chattels being in that case sometimes called 'corporeal chattels'. Where only a bare right to enjoy exists, the property is said to be 'in action', and the chattels are called 'incorporeal'1. Personal property may also be partly in possession and partly in action, for example bills of exchange and promissory notes. The debt secured by them is a chose in action2, but the actual document is