On Similarity of Chattel hypothecation to Chattel Mortgage ——also on stipulations of chattel hypothecation and chattel mortgage of Civil Code of the PRC (draft);

As a result of traditional property mortgage legal system,personal property mortgage legal system,a perfection in theory,is in conflict with the actual need of the society.

The tradition that only real property can be the object of mortgage has been brought through by personal property mortgage.

The tradition that only real property can be the object of mortgage whilethe personal property can only be the object of pledge have been broughtthrough by personal property mortgage, which meet the need of financing.

Comparing analysis between Chattel Mortgage and Chattel hypothecation ——also on stipulations of chattel Mortgage and chattel hypothecation of Civil Code of the PRC(draft);

However, the development of chattel hypothecation is not smooth since Roman law.

The choice of method of chattel mortgages demonstration has significant meaning for completing its system.

The rights of chattel mortgage, however, can be acquired through “being provide for” and in addition such an acquisition shall not be considered as a necessary constituent for possessio

Condition and legal effect of the innocent purchase of the mortgage on movables;

In accordance with the value orientation of the safety and speediness of trade and the principle of public confidence,the innocent purchase of the mortgage on movables is essential.