Mercantile Credits a Series of Practical Lectures Delivered Before the Young Me
Mercantile Credits a Series of Practical Lectures Delivered Before the Young Me
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In our eReader you can find the full English version of the book. Read Mercantile Credits a Series of Practical Lectures Delivered Before the Young Me Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Mercantile Credits a Series of Practical Lectures Delivered Before the Young Me
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It is a general principle, as I have tried to indicate, that ownership goes with possession, and a person in posses- sion of property is presumably the owner. He may, how- ever, hold that property in pledge, which condition gives him something in the nature of property rights. Analo- gous to this, it is sometimes found expedient in the con- duct of business to change possession of property by way of sale without passing the title from the vendor. This is called a conditional sale, and avoids th...e necessity of passing the title to the purchaser and taking in exchange a chattel mortgage with all its formalities and records. This is done in those cases where the purchaser wants to use a certain thing, and is not ready to pay for it and at the same time does not want to take the title and have a recorded chattel mortgage. In such cases the common law permits a contract of conditional sale. Statute laws in some states have tried to prohibit such sales; but in other states Massachusetts being a notable instance their usefulness has been recognized, and the legislature has merely attempted to regulate them by making rules LIENS ON PERSONAL PROPERTY 155 for the protection of the public, and, at the same time, for the protection of the vendor and vendee.
What to read after Mercantile Credits a Series of Practical Lectures Delivered Before the Young Me?
You can find similar books in the "Read Also" column, or choose other free books by M Martin Kallman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is a general principle, as I have tried to indicate, that ownership goes with possession, and a person in posses- sion of property is presumably the owner. He may, how- ever, hold that property in pledge, which condition gives him something in the nature of property rights. Analo- gous to this, it is sometimes found expedient in the con- duct of business to change possession of property by way of sale without passing the title from the vendor. This is called a conditional sale, and avoids th...e necessity of passing the title to the purchaser and taking in exchange a chattel mortgage with all its formalities and records. This is done in those cases where the purchaser wants to use a certain thing, and is not ready to pay for it and at the same time does not want to take the title and have a recorded chattel mortgage. In such cases the common law permits a contract of conditional sale. Statute laws in some states have tried to prohibit such sales; but in other states Massachusetts being a notable instance their usefulness has been recognized, and the legislature has merely attempted to regulate them by making rules LIENS ON PERSONAL PROPERTY 155 for the protection of the public, and, at the same time, for the protection of the vendor and vendee.
What to read after Mercantile Credits a Series of Practical Lectures Delivered Before the Young Me?
You can find similar books in the "Read Also" column, or choose other free books by M Martin Kallman to read onlineMoreLess
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