Part IV Priorities, 17 Other Priority Issues
Hugh Beale, Michael Bridge, Louise Gullifer, Eva Lomnicka
- Pledge — Set-off
17.01 In chapter 8, a number of creditor interests were discussed that were neither security interests nor title-based interests. The priority conflict between these creditor interests and another creditor’s security interest or title retention right will now be considered. 17.02 The availability of set-off rights to a creditor is not usually expressed as presenting an issue of priority with other creditors. If A owes money to B and B charges that debt in favour of C, A will be entitled to rights of set-off so long as A’s entitlement to do so does not arise after...