The Civil Code of Japan

The Civil Code of Japan

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1897 edition. Excerpt: ...due, the right of mortgage may be exercised from the date of registration.. 375-..A mortgagee may give his right of mortgage as security for another claim, or he may for the benefit of another creditor of the same debtor transfer or relinquish his right of mortgage, or its order of priority. If in cases coming under the preceding clause, the mortgagee deals with his right of mortgage for the benefit of several persons, the order of priority of the rights of the persons benefiting by such action shall depend on the date on which a note of the fact was added to the entry of the registration of the right of mortgage. In cases coming under the preceding Article, unless, in conformity with the provisionsof Article 467, notice of the action taken in regard to the right of mortgage is given to the principal debtor, or his consent obtained, this action cannot be set up against the debtor in question, or his surety, or the person creating the right of mortgage, or against their successors. If the principal debtor receives the notice mentioned in tliepreceding clause, or signifies his consent, payments made without the consent of the persons benefiting by the action taken in regard to the right of mortgage cannot be set up 377 If a third person who has purchased the right of ownership, or the right of superficies, in respect of a mortgaged immoveable pays the price to the mortgagee on his application, the mortgage is extiiiguislied for the benefit of the purchaser. A third person who has acquired the right of ownership, the right of superficies, or the right of emphyteusis in respect of a mortgaged immoveable may in conformity with the provisions of Articles 382-4, inclusive, "clear off" the mortgage by paying to the mortgagee or...show more

Product details

  • Paperback | 38 pages
  • 189 x 246 x 2mm | 86g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236835948
  • 9781236835949