In Holroyd v Marshall (1862), the House of Lords ruled on the transfer of future property rights. This decision allowed a creditor to take security interests in property yet to be acquired by a debtor, profoundly impacting commercial law and secured transactions law.
Future Property Rights:Holroyd v Marshall established that future property rights can be transferred, enabling creditors to secure interests in assets not yet acquired by debtors, significantly impacting commercial transactions and financing.
