arkansas rule

Arkansas rule. Secured transactions. The principle that the collateral securing a loan is presumed to be worth at least as much as the loan’s balance, and that the creditor has the burden to prove that a sale of the collateral would not satisfy the loan amount. Norton v. National Bank of Commerce, 398 S.W.2d 538 (Ark. 1966). [Cases: Secured Transactions 229, 240. C.J.S. Secured Transactions §§ 161, 164–166, 168–169, 172, 174–175, 180–183.]

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词条贡献者

资深译员大智，毕业于美国一流的高级翻译学院，专注翻译各种与复杂诉讼有关的法律文件。