chattel mortgage वाक्य
उदाहरण वाक्य
मोबाइल
- In Australia, chattel mortgages are commonly used by cars, commercial vehicles and other business equipment.
- Chattel mortgages over certain assets ( such as ships and aircraft ) are governed by more particular rules.
- As Tibaut did not have the full purchase price, Ford held a $ 400 chattel mortgage on Northup.
- However, later, some of the first laws on chattel mortgages in the Anglo-American world were passed.
- Companies and other corporate entities may give chattel mortgages too over any tangible, movable property as security for a debt obligation.
- Personal property can often be secured with similar kind of device, variously called a chattel mortgage, trust receipt, or security interest.
- Similarly, a chattel mortgage granted to allow a person to purchase a trailer home could be lost if the trailer is later attached to real property.
- At that time, a chattel mortgage upon the " Telegram Publishing Co . " property was made in favor of the John Dunfee estate for $ 25, 918.
- "' Chattel mortgage "', sometimes abbreviated " CM ", is the legal term for a type of loan contract used in some states with legal systems derived from English law.
- Most Australian lenders offering commercial loan facilities ( including chattel mortgage, hire purchase and finance lease ) for cars, commercial vehicles and business equipment add retained interest to payout figures for loans that are terminated early.
- Ultimately, the company's lead operations required a massive real estate effort involving hundreds of land leases, purchases, options, rights of refusals, mineral rights, chattel mortgages, deed transfers, quit-claims, trust deeds, judgment sales, sheriff s sales, bankruptcy sales, grants, bonds, notes, and various claims from area miners covering thousands of acres and hundreds of parcels of land.
- For a chattel mortgage to be a legal mortgage, it must transfer legal title to the chattel ( or chattels ) to the secured party ( typically the lender ) and include an express or implied proviso that the legal title will be transferred back to the debtor upon repayment ( known as the equity of redemption ) . ( If the chattel mortgage does not meet the statutory requirements for a legal mortgage it may nevertheless be re-characterised as an equitable mortgage or fixed or floating charge .)
- For a chattel mortgage to be a legal mortgage, it must transfer legal title to the chattel ( or chattels ) to the secured party ( typically the lender ) and include an express or implied proviso that the legal title will be transferred back to the debtor upon repayment ( known as the equity of redemption ) . ( If the chattel mortgage does not meet the statutory requirements for a legal mortgage it may nevertheless be re-characterised as an equitable mortgage or fixed or floating charge .)
- On January 10, 2008, Edgardo Urieta, Sandiganbayan chief of the Sheriff and Security Services Office released the two-page report ( based on thirteen-page Banco de Oro to the Sandiganbayan Special Division ) which discovered intact due to the 2001 levy by BIR distraint-P 1.107 billion ( $ 1 = P 41 ) account of Joseph Estrada : P500 million-" promissory note and chattel mortgage "; 450 million shares of Waterfront Philippines valued at P 427.5 million; and 300 million shares of Wellex Industries worth P 84 million; cash deposits in a common trust fund investment account of P 95.76 million.
- Another form of security interest which flourished in the United States in the late 19th century and the first half of the 20th century was the conditional sale, the ancestor of what U . S . lawyers now call the purchase money security interest ( PMSI ) . 85 } } It was popular in that era among creditors for two reasons . 85 } } First, most U . S . states had imposed numerous onerous restrictions upon chattel mortgages in order to protect debtors ( at a time debtor's prisons were being abolished but were still within the memory of most persons then living ), and second, all U . S . states in that era also had strict anti-usury laws . 85 } } Conditional sales, at least initially, were seen to be free of both of those problems . 85 }}
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