This text investigates the complex legal frameworks governing the nature, creation, and transfer of intangible property, commonly referred to as choses in action. Marcus Smith provides a rigorous examination of how various forms of intangible assets—ranging from contractual rights to intellectual property—are legally defined and assigned. By analyzing the mechanisms of transfer and the subsequent consequences, the author establishes a systematic approach to understanding the priorities and limitations inherent in property law.

Legal practitioners and scholars frequently cite this work as a primary resource for navigating the complexities of assignment law. Experts highlight the text's analytical depth as a foundational reference for both students and professionals in the field.