RIGHTS AND LIABILITIES OF CREDITORS AND DEBTORS IN SECURED CREDIT TRANSACTIONS

19 PAGES (5966 WORDS) Law Seminar
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A major way to boost any economy is by availability of credit to business enterprises. However, there are many factors that could hinder the availability of credit in the society; lack of adequate legal framework for secured financing is one of them. There is a direct relationship between a good legal framework for security devices and the availability of credit in a country.

This paper looks at rights and liabilities of creditors and debtors in a secured credit transaction especially in light of the provisions of the Secured Transactions in Movable Assets, Act,2017.
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