On The System Of Chattel Mortgage

In this article, the author makes a special effort to investigate, through analyzing the historical conditions of the chattel mortgage system and the reasons why it carries weight, the omission of the demonstration, both of which may bring risks upon the pledge and the third party and meanwhile, add unstability to chattel mortgage. The author also points out that chattel mortgage meets the demands of financing and therefore should be preserved. Comparison is also made of the demonstration methods of the system and the relevant laws concerning the scope of objects given as a pledge among counties of advance a legislative approach that we should adopt - Taking Effect upon Registration. Based on its demonstration method, an analysis is made of the effect of the chattel mortgage right. Priority is given to the conflict between it and other rights, while a solution is put forward on the basis of the balance of interests. At last, the author presents us in this article what the chattel mortgage system is to become of in the future, how to improve it is supposed to have.