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About this product
- DescriptionSecured Credit drives ecomic activity. Under English Law it is possible to create security over almost any asset, but the law is widely considered to be unsatisfactory for several reasons, including a cumbersome registration system, a preoccupation with formalistic distinctions and the lack of clear and rationally-determined priority rules. Gerard McCormack examines the current state of English law highlighting its weaknesses. He uses Article 9 of the American Uniform Commercial Code as a reference point: this Article has successfully serviced the world's largest ecomy for over 40 years and is increasingly used as the basis for legislation by Commonwealth jurisdictions including Canada and New Zealand. The Law Commission has suggested the enactment of similar legislation in England. In addition, McCormack considers if there really is a case for the priority of secured credit, as well as if there are other international models to draw upon. Contains the text of Article 9.
- Author BiographyGerard McCormack is Professor of Law at the University of Manchester.
- Author(s)Gerard McCormack
- PublisherCambridge University Press
- Date of Publication14/06/2004
- SubjectLaw: General & Reference
- Series TitleCambridge Studies in Corporate Law
- Series Part/Volume NumberNo.3
- Place of PublicationCambridge
- Country of PublicationUnited Kingdom
- ImprintCambridge University Press
- Content Noteblack & white illustrations
- Weight872 g
- Width152 mm
- Height228 mm
- Spine34 mm
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