Commentary

16.2 Rights of transferee

BILLS OF SALE vol 4(1)
| Commentary

16.2 Rights of transferee

| Commentary

16.2 Rights of transferee

The transferee of a security bill of sale1 cannot have any greater rights than his transferor2, and accordingly he takes subject to any defects in the bill or in its registration and subject to all equities of which the transferor and all third parties might have availed themselves against the transferor. Although it is therefore impossible to guarantee that the transferee will be able to rely on the security of the goods comprised within the bill, the legal advisers of the transferee can reduce the risk to some extent by ensuring, before the completion of the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial