A dynamic pledge of inventory,with its liquidity and publicity in the form of joint possession,offers significant flexibility advantages over the traditional pledge model,but also carries the risk of a conflict of rights.In addition to the normal establishment of a dynamic pledge of inventory,the rule of good faith acquisition can also be applied to the creation of a security right or ownership right due to a disposition without right,and if the transferee is a professional credit institution or a commercial subject,its duty of care is higher,and the determination of"good faith"is stricter than that of an ordinary civil subject.In the case of an objection by an outsider,the substantive rights and interests of the applicant and the outsider,as well as the balance of interests of both parties,should be taken into account in determining whether it is sufficient to preclude enforcement.In principle,the dynamic pledge of inventory enjoyed by the outsider shall not exclude the enforcement of the monetary claim of the applicant for enforcement,unless the enforcement would substantially diminish the value of the inventory;when the ownership right enjoyed by the outsider is counteracted by the dynamic pledge of inventory enjoyed by the applicant for enforcement,priority shall be given to the protection of the interests of the party who reasonably relies on the publicity of the appearance of the right,and the party who loses the interest may seek internal remedies on the basis of the underlying relationship.
dynamic pledge of inventoryenforcementpledge supervisionbona fide acquisitionthe action filed by dissent outsiders on the enforcement