On Good Faith Acquisition In China

Good faith acquisition is a vital system in civil law. The source of good faith acquisition is the principle of "Hand Muss Hand Warren" in Germanic law. Good faith acquisition is the product of development of the concept of ownership. Good faith acquisition plays a significant role in securing commodity trade, maintaining economic order, stabilizing property relations, and keeping normal commodity transaction. It can be predicted that with the development of market economy, good faith acquisition will play an increasingly important role in social economic affairs in our country. The Real Right Law of the People's Republic of China was adopted at the fifth session of the Tenth National People's Congress on 16 March 2007 and took effect on 1 October 2007. The law, which improves the real right law in our country, achieves breakthroughs in many aspects, especially its detailed stipulation of good faith acquisition, which is important to the improvement of good faith acquisition. In this paper, the author expresses some opinions on the understanding and application of good faith acquisition in the Real Right Law of the People's Republic of China.There are four parts in this passage. The first part introduces the definition and pragmatic significance of good faith acquisition. The second part reviews the theoretical source of good faith acquisition. In the third part, the present situation of legislation of good faith acquisition in other countries is discussed. The fourth part explores the development of good faith acquisition in our country.