Legal Definitions - in action

IN ACTION

When referring to property, it means that it can be obtained or recovered through legal action. This is also known as "chose in action."

1. A person may have a chose in action if they are owed money by someone who has not paid them back. They can take legal action to recover the money owed to them.

2. If a company has a patent on a product, they have a chose in action to protect their intellectual property. They can take legal action against anyone who tries to use their patented product without permission.

The term "in action" refers to the ability to take legal action to obtain or recover something. In the examples given, both the person owed money and the company with a patent have the ability to take legal action to protect their property. This illustrates the definition of "in action" as being attainable or recoverable through litigation.