Loans in Kenya on teh security of Chattels: I

Few lenders are as demanding as Shylock, but nearly all share his desire to obtain as good security as they can for their loans. The personal remedy against the borrower is often regarded as inadequate, for “a man advancing money upon mortgage wants something better than this, he wants some jus in rem, some right in certain specific things as well as the mere jus in personam that the mortgagor's covenant will give him”.