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Nemo dat quod non habet: Difference between revisions
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“No-one can give what he does not have.” | ''“No-one can give what he does not have.”'' <br /> | ||
''“You can only give as good as you get”''<br /> | |||
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]]. | ||