Legal Aspects of Security Interests: A Theoretical Analysis
Legal Aspects of Security Interest: A Theoretical Analysis I. Introduction A security interest is a legal mechanism by which a creditor obtains a right or interest in the personal property of a debtor, typically to secure the payment of a debt or the performance of an obligation. This institution lies at the heart of modern secured transactions law, enabling lenders to mitigate the risk of default by establishing a priority claim over specific collateral. Its Read more