General description
Inputs:
It sheds light on real rights insurance that aim to reassure the creditor by assigning cash to pay the debtor. They are the rights that privilege the creditor granting him the priority over other normal or privileged successive creditors. It also empowers him by enabling to imprison and follow till getting full payment.
It is real since it represents the power of someone over something in specific. It is consequential because it revolves with the reason of its evolution that is the debt.
Outputs:
This module represents a great practical importance since it sets the legal framework for trust in economical and financial transactions between the creditor, the debtor "the original obligation parties" and others in a way that no matter how much the debtors debts are he still has the right to get insurance guaranteed by real estates and movables he owns to insure his basic obligations. It shall also ensure the creditor and avoids him risks of public guarantee and the debtors bankruptcy or failure to pay. It ensures others regarding the debtors financial state and protects them against any conspiracy between the creditor and the debtor.
Topics:
• Introduction- historical background
• Possessory real insurance (movables, immovables, real estate)
• Non possessory real insurances "contractual immovables" insurance
• Legal insurance