Nemo dat quod non habet: Difference between revisions

Nemo dat quod non habet (view source)

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-"No-one gives what he does not have". A [[Latin]] maxim of relevance to assignees, and purchasers for value, which is roundly ignored by whoever was the bright spark who came up with the idea of [[rehypothecation]].
+“No-one can give what he does not have.”
+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]].
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