英文摘要 |
§134 of the previous Contract Law has made clear provisions on sales under retention of title, although legislation and practice didnot deny its security function, but paid more attention to its external form. At the same time,§36 of the previous Judicial Interpretation about Contracts of Sale largely adopted a formalistism over secured transactions and restricted the seller’s right to retrieve in order to strengthen the protection of the rights of the buyer and third parties. However,§26 of the new Judicial Interpretation about Contracts of Sale follows the above practice, using the buyer’s percentage of payment as a criterion for limiting the seller’s right to retrieve, while protecting third parties with good faith acquisition, which is inconsistent with the basic concept of functionalizing the seller’s“ownership”into a security interest in the Civil Code and the Judicial Interpretation about Security over Movables and Rights. It is also in obvious conflict with the rule of buyer in the ordinary course of business (BIOC) and the uniform rule of priorities, and should be limited. |