Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
The debtor must have rights in the collateral. Most commonly, the debtor owns the collateral (or has some ownership interest in it). The rights need not necessarily be the immediate right to possession, but they must be rights that can be conveyed. 1 A person can’t put up as collateral property she doesn’t own.
- 660 reads
