Title security: means of securing the obligation
Abstract
The article is devoted to the review of the effectiveness of the security mechanism of titles. In current research the performance of the obligation with the use of dialectical method, analysis and synthesis, the essence, content and types of title security are considered. The study summarizes the experience of applying the provisions of foreign title security legislation, analyzes the characteristic features of fiduciary in Roman law, and attempts to correlate the provisions of Roman law with the modern understanding of title security. The necessity of detailed contractual regulation of title security as an unnamed method of securing the obligation is revealed and substantiated. Special attention is paid to the practice (including foreign ones) of titular collateral application in bankruptcy cases. We suggested to consider the mechanism of security effect in title security through the prism of Roman fiduciary and secondary rights.
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