25. Possessory security
This chapter deals with possessory security. It begins with a discussion of pledge, focusing on two relevant cases: Coggs v Bernard (1703) and Halliday v Holgate (1868). It then considers the delivery and re-delivery of possession by citing the rulings in Official Assignee of Madras v Mercantile Bank of India Ltd (1935), Wrightson v McArthur and Hutchisons (1919) Ltd (1921), and Reeves v Capper (1838). It also examines re-pledge by the pledgee, realisation, and statutory control before turning to liens. In particular, it explains how a lien arises and how it is enforced, terminated and registered. Finally, it looks at the proposed legal reform with respect to possessory security.
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2004 ◽
Vol 16
(1)
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pp. 65-74
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