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CASS Anatomy: Difference between revisions
→=The special case
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*You could say this is “title transfer” of cash, but you don't need to, because cash is special: title to cash, by definition, passes by delivery. | *You could say this is “title transfer” of cash, but you don't need to, because cash is special: title to cash, by definition, passes by delivery. | ||
====The special case=== | ====The special case==== | ||
''Because you want him to look after it for you under the contract.'' | ''Because you want him to look after it for you under the contract.'' | ||
*Here, you don't owe the payee anything, and the only contract you have with the person arises because he's agreed to look after the money for you. | *Here, you don't owe the payee anything, and the only contract you have with the person arises because he's agreed to look after the money for you. | ||