TeachMeFinance.com - explain title
title -- (1) the ownership right to property, including the right of possession. (2) the document or instrument constituting evidence of such an ownership right. See abstract of title.
Title -- Title to property does not pass from one to another unless there is a mutual agreement to that effect. If an agent has goods in his possession the title is still in the principal, although the agent may have advanced a larger or smaller proportion of their value. If he is not an agent but has simply advanced money on the security of the goods he has a lien upon them for his advance, but he does not own them. In the absence of an agreement an agent who has made an advance upon goods has a lien upon them to that extent. A creditor of the owner may take the goods and sell them subject to his lien.
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