ADMS 2610 Lecture Notes - Lecture 11: International Business, International Trade, Accounts Receivable

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: Xianghong Li

Document Summary

In order for the chattel mortgagee to fully protect itself from any individual who may buy the property without knowledge of the chattel mortgage, the chattel mortgagee must register under the ppsa. Once registered, mortgagee can seize the goods without the consent of the mortgagor. Should you not register, the buyer may be convinced by the mortgagor and sell it. If the buyer buys the mortgage then the mortgagee has no ownership or rights against the new buyer. The right to take possession of the goods. The right to sell the goods to public or private auction. This must be in consent with the chattel mortgagor. Foreclosure c an action by which the chattel mortgagee wants to cut out the ownership of the goods from the mortgagor. Example c you want to buy a car but no money.