L3 Flashcards
What is the annual worth of Europe’s digital assets and data
Over a trillion
What are asset based tokens
Digital assets tied to some other real world asset
What is a token
A program that represents the ability to perform an action in a software system
What is the tokenization if digital assets
When financialization occurs by creating a bridge between the asset and its digital equivalent. Digital assets become tradability
Are the same remedies gor interference available for choses in action as choses in posession
No
What is atonement in regards to bailments
When the bailor retains constructive possession while the bailee holds the property thus giving the bailor more posessory rights
What are they types of bailment
Deposit for safekeeping, lending to friend, hire the goods, pawn goods as security, carried for reward and carried gratis
What are the requirements for bailment
Transfer of possession, no transfer of ownership, consent by bailee
What is a sub bailment
When the bailee bails out the bailors property another time
