diff --git a/erpnext/public/js/utils.js b/erpnext/public/js/utils.js
index 622e1c4ee19..12eb5fb7bab 100644
--- a/erpnext/public/js/utils.js
+++ b/erpnext/public/js/utils.js
@@ -31,9 +31,13 @@ $.extend(erpnext, {
 	add_applicable_territory: function() {
 		if(cur_frm.doc.__islocal && 
 			frappe.model.get_doclist(cur_frm.doc.doctype, cur_frm.doc.name).length === 1) {
-				var territory = frappe.model.add_child(cur_frm.doc, "Applicable Territory", 
-					"valid_for_territories");
-				territory.territory = frappe.defaults.get_default("territory");
+				var default_territory = frappe.defaults.get_default("territory");
+				if(default_territory) {
+					var territory = frappe.model.add_child(cur_frm.doc, "Applicable Territory", 
+						"valid_for_territories");
+					territory.territory = default_territory;
+				}
+				
 		}
 	},
 	
diff --git a/erpnext/stock/doctype/item/item.txt b/erpnext/stock/doctype/item/item.txt
index db8310301f4..63af80d56f2 100644
--- a/erpnext/stock/doctype/item/item.txt
+++ b/erpnext/stock/doctype/item/item.txt
@@ -2,7 +2,7 @@
  {
   "creation": "2013-05-03 10:45:46", 
   "docstatus": 0, 
-  "modified": "2014-02-10 17:27:49", 
+  "modified": "2014-02-19 11:04:00", 
   "modified_by": "Administrator", 
   "owner": "Administrator"
  }, 
@@ -271,7 +271,7 @@
   "doctype": "DocField", 
   "fieldname": "is_asset_item", 
   "fieldtype": "Select", 
-  "label": "Is Asset Item", 
+  "label": "Is Fixed Asset Item", 
   "oldfieldname": "is_asset_item", 
   "oldfieldtype": "Select", 
   "options": "Yes\nNo",