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| Author: | Jeremie, J. |
| Title: | Gone in an instant - the death of "Scintilla Temporis" and the growth of a purchase-money security interest in real property |
| Journal: | Journal of Business Law
1994 : JUL, p. 363-371 |
| Index terms: | PURCHASING MONEY SECURITY PROPERTY GROWTH |
| Language: | eng |
| Abstract: | The purchase-money security is the right in rem which arises in some systems of law in favour of a creditor who advances sums to fund the acquisition of a particular asset when those sums are in fact so used. In the United States, the policy of the law for some considerable time has been to accord such a security interest the status of a ful right in rem. The interest so protected accordingly prevails over all others in any priority conflict. The policy of the common law has always been different. |
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