Nemo dat quod non habet: Difference between revisions
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''Law.'' | ''Law.'' | ||
'No-one can give what he has not got.' | 'No-one can give what he has not got.' | ||
The general legal rule that a person who does not own property cannot confer it on another, except with the true owner's authority (for example as the true owner's agent). | The general legal rule that a person who does not own property cannot confer it on another, except with the true owner's authority (for example as the true owner's agent). | ||
There are also a small number of exceptions to this general principle. | There are also a small number of exceptions to this general principle. | ||
== See also == | == See also == | ||
* [[Advising bank]] | * [[Advising bank]] | ||
* [[Issuing bank]] | * [[Issuing bank]] | ||
[[Category:Compliance_and_audit]] | |||
Revision as of 15:46, 21 August 2013
Law.
'No-one can give what he has not got.'
The general legal rule that a person who does not own property cannot confer it on another, except with the true owner's authority (for example as the true owner's agent).
There are also a small number of exceptions to this general principle.
