The establishment ofmortgageofchattels does not depend on registration, but on the mutual agreement between parties.
动产抵押权的成立,不以登记为要件,只须当事人订立抵押契约即可生效。
2
Firstly, the priority validity ofchattelsmortgage and its value are discussed.
首先,笔者阐述了动产抵押权优先效力及其价值。
3
Concerning the priority validity ofchattelsmortgage, this thesis categorizes it into two types - "the priority validity to the mortgagor" and "the priority validity to the third party".