Nemo dat quod non habet: Difference between revisions
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A [[Latin]] maxim of relevance to assignees and purchasers for value, which was roundly ignored by whoever the bright spark was who came up with the preposterous idea of [[rehypothecation]]. | A [[Latin]] maxim of relevance to assignees and purchasers for value, which was roundly ignored by whoever the bright spark was who came up with the preposterous idea of [[rehypothecation]]. | ||
It is also useful in deflating drafting pretensions of people who come bearing gifts like “[[nor anyone acting on its behalf]]”. | |||
{{seealso}} | {{seealso}} | ||
*[[Delegation]] | |||
*[[Set-off]] | *[[Set-off]] | ||
*[[Netting]] | *[[Netting]] | ||