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Hypothec
HYPOTHEC

Definition: (Roman and Scottish law) A security held by a debtor but serving as a guarantee to the creditor, who will assume possession if the debt is not paid.
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* All eight elements would be in.


1. Purposeful and necessary (to emphasize).

2. Specifically stated in the agreement (see definition).

3. Item will not be of a perishable nature (connect to #2).

4. Won't be secretly let to a third party while being held.

5. Not much diminishing returns arises from possible usage.

6. (Reserved.) (No provision for an 'appeal', a deferment.)

7. Possession, if due, will very easy, as soon as needed.

8. Asset will be missed, if eventually lost.
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See perfect WILFULNESS (1).

See perfect whole hypothec.

See perfect WILFULNESS (2).
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Quote: "He who likes borrowing dislikes repaying". - Egyptian proverb.

Quote: "He that respects not is not respected". - Cambodian proverb.

Quote: "He who is born a fool is never cured". - English proverb.

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