In a matured legal society, the trust is bound by contract

来源: 2008-06-26 09:10:00 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

No personal trust needed. It's busines purely. If the contract says that the debtor is in default and creditor is allowed to repossess the collateral, credit can go ahead to do so easily. This right is protected by State business law.