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On the Protection of Third Debtor in Pledge of Credit

XU Di-yu

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Abstract

Based on the character of pledge of credit and the presence of third debtor, aiming at the neglect of protection of third debtor in pledge of credit, the article analyzes China's legislation concerned and then concludes that in order to meet the demands of realistic economic life, while perfecting the present provisions concerning pledge of credit, other countries legislations should be taken as reference.

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Based on the character of pledge of credit and the presence of third debtor, aiming at the neglect of protection of third debtor in pledge of credit, the article analyzes China's legislation concerned and then concludes that in order to meet the demands of realistic economic life, while perfecting the present provisions concerning pledge of credit, other countries legislations should be taken as reference.

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Available abstract

Based on the character of pledge of credit and the presence of third debtor, aiming at the neglect of protection of third debtor in pledge of credit, the article analyzes China's legislation concerned and then concludes that in order to meet the demands of realistic economic life, while perfecting the present provisions concerning pledge of credit, other countries legislations should be taken as reference.

Key concepts: Pledge, Debtor, Creditor, Legislation, Business, Law, Neglect, Law and economics

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