Search results
Results from the WOW.Com Content Network
Property law. In property law, lost, mislaid, and abandoned property are categories of the common law of property which deals with personal property or chattel which has left the possession of its rightful owner without having directly entered the possession of another person. Property can be considered lost, mislaid, or abandoned depending on ...
Standard Bank v Saunderson. Standard Bank of South Africa Ltd v Saunderson and Others is an important case in South African property law and civil procedure. It was heard in the Supreme Court of Appeal on 23 November 2005 and decided on 15 December 2005. In a unanimous judgment written by Judges of Appeal Edwin Cameron and Robert Nugent, the ...
Property law. Bailment is a legal relationship in common law, where the owner transfers physical possession of personal property ("chattel") for a time, but retains ownership. [1] The owner who surrenders custody of a property is called the "bailor" and the individual who accepts the property is called a "bailee". [2]
More commonly, lenders pursue a process called mortgage possession (or alternatively, "repossession" in cases where the bank originally sold the property too). Both mortgage (re)possession and foreclosure are quite similar, with the main differences being the treatment of any funds that exceed the amount borrowed and liability for any shortfall.
South African property law regulates the "rights of people in or over certain objects or things." [ 1 ] It is concerned, in other words, with a person's ability to undertake certain actions with certain kinds of objects in accordance with South African law. [ 2 ] Among the formal functions of South African property law is the harmonisation of ...
There are two main views on the right to property in the United States, the traditional view and the bundle of rights view. [6] The traditionalists believe that there is a core, inherent meaning in the concept of property, while the bundle of rights view states that the property owner only has bundle of permissible uses over the property. [1]
In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral [1]) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. [2] One of the most common examples of a ...
Pledge (law) A pledge is a bailment that conveys title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or obligation and to the mutual benefit of both parties. [1][2] The term is also used to denote the property which constitutes the security. [3]