There is a"two-tier guarantee structure"for retained ownership.The first level is the basic guarantee means of retaining ownership,including the seller's right to recover from the buyer,the right to object of execution and the right to recover from bankruptcy.The seller's enjoyment of above rights is based on the fact that retained ownership is"true ownership",and is not conditioned on the registration.The second level is the right to be compensated,which is based on the premise that the seller is idle in exercising the rights of the first level,or that the third party is compensated on the goods.When the rule of price mortgage is applied in the retain ownership business,it is required that the ownership of the seller and the mortgage of the third party coexist on the property.The acquisition of mortgage by the third party shall be conditional on the enjoyment of the"right to create security"by the buyer.When the rules of normal business buyer are ap-plied in retain ownership business,the third party is to become the normal business buyer,the legal requirement as"acqui-sition of ownership"is necessary.The realization path of this requirement cannot be relied on the acquisition in good faith,but should be realized by confirming the"right of commercial business disposal"of the buyer in the ownership transaction.
chattel mortgageretention of ownershipprice mortgagenormal business buyer
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