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Title transfer: Difference between revisions
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With title transfer, once you part with an asset, it is gone for ever: your expectation is to the redelivery of one ''just like it,'' | With title transfer, once you part with an asset, it is gone for ever: your expectation is to the redelivery of one ''just like it,'' | ||
These differences may make little practical sense to the person on the Clapham omnibus, who just wants to know a debt is collateralised, but the distinctions forge long, lucrative careers for those in accounting and legal professions, and the JC would be lying if he did not allow that some of his long, inglorious career, had been devoted to getting this rather tendentious distinction right, and being righteously indignant | These differences may make little practical sense to the person on the Clapham omnibus, who just wants to know a debt is collateralised, but the distinctions forge long, lucrative careers for those in accounting and legal professions, and the JC would be lying if he did not allow that some of his long, inglorious career, had been devoted to getting this rather tendentious distinction right, and being righteously indignant that his colleagues in operations and collateral management seem dispositionally unable to. | ||
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