A Treatise On The Law Of Pledges Including Collateral Securities

Author : William Colebrooke
Publisher :
ISBN 13 : 9781331164036
Total Pages : 714 pages
Book Rating : 4.1/5 (64 download)

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Download or read book A Treatise on the Law of Collateral Securities written by William Colebrooke and published by . This book was released on 2015-07-11 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from A Treatise on the Law of Collateral Securities: As Applied to Negotiable, Quasi-Negotiable, and Non-Negotiable Choses in Action The law and principles of collateral security, given for loans of money, discounts of bills of exchange or promissory notes, and other valuable considerations, have become a recognised branch of commercial jurisprudence. Occasional references to the subject are found in the text books, and the contract of pawn or pledge, as applied to corporeal personal property, is properly regarded as a division of the law of bailment. Different and more important questions arise, however, from the use of collateral securities, the term itself implying the existence of a principal promise or obligation of the borrower. The position of the indorsee of negotiable paper, receiving the same as collateral security, as a holder for value, in the usual course of business, and his rights, duties, and liabilities; and of the holder or indorsee of documents of title, such as certificates of stock, bills of lading, warehouse receipts, and other choses in action, as collateral; and of the borrower depositing such collateral security, require, for their proper consideration, a treatise exclusively devoted thereto. An endeavor has been made in this work, with more or less success, as the reader may judge, to cover the important questions indicated. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.