TACIT HYPOTHECATION. In the civil law, a species of lien or mortgage which is created by operation of law without any express agreement of the parties. Mackeld. Rom. Law, § 343. In admiralty law,’ this term is sometimes applied to a maritime lien, which is not, strictly speaking, an hypothecation in the Roman sense of the term, though it resembles it. See The Nestor, 1 Sumn. 73, 18 Fed. Oas. 9.
The Uniform Commercial Code (UCC) provides a structured legal framework for negotiable instruments, obligations, and their discharge. Among its provisions, sections like UCC §§ 3-303, 3-604, 3-104, 3-409, 2-206, and 1-103 reveal a clear foundation for the Accepted for Value (A4V) process. This process allows obligations such as mortgages, loans, or other debts to be addressed through lawful mechanisms of discharge, settlement, or setoff.
West Coast Exotic Cars, along with Eric Curran, Aaron Johnson, Hunter, and additional staff, are embroiled in a $1 billion
Steven MacArthur Brooks’ estate has filed a $2.975 billion lawsuit against San Diego County Credit Union, asserting a binding contract and seeking summary judgment. The lawsuit emphasizes the plaintiffs’ status as secured creditors under UCC provisions, supported by unrebutted affidavits and evidence of contractual acceptance. The case centers on a contract and security agreement, with claims of non-response from defendants validating the demand for summary judgment as a matter of law.
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