•  
  •  
 

Abstract

The article discusses functional comparison of English and American security interests and suggests solutions of deception and incentives problems. It mentions that deception problem raise when debtors who have granted security interests appear to have wealth and incentives problem occurs when secured debt amount exceeds the value of the collateral. Security combined with mortgages, security interests, and liens which shows a relationship between collateral and monetary obligations.

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.