The Law Relating to the Mortgage of Ships
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In our eReader you can find the full English version of the book. Read The Law Relating to the Mortgage of Ships Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Law Relating to the Mortgage of Ships
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To quickly assess the difficulty of the text, read a short excerpt:
. The mortgagor did not, in fact, pay to the survivor, but to one of two. He can rely only on receipt as at the time when it was given, and he has only himself to thank because he chose to pay otherwise than in accordance with his contract." In the converse case of the grant of a mortgage by several mortgagors the mortgage usually provides that all the mortga- gors shall be jointly and severally liable to the mortgagee.
One further point with regard to pa5mient requires attention.
Although a mo...rtgagor retains, even after the date specified in the mortgage as that for the repayment of the mortgage debt, an equitable right to redeem his property, he can do so only by giving the mortgagee six months' notice of his intention or by- paying him six months' interest in lieu of notice (j), and if, after giving such a notice, he fails to repay the mortgage debt it would seem that the mortgagee is entitled to demand a further six months' notice or interest in lieu (k). But where a mortgagee has himself demanded the repayment of his debt, or has taken other steps to realise his security, no question of notice arises, and the mortgagee must accept a tender of his principal with interest to date of repayment (Z).
What to read after The Law Relating to the Mortgage of Ships?
You can find similar books in the "Read Also" column, or choose other free books by Constant, Benjamin, 1767-1830 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
. The mortgagor did not, in fact, pay to the survivor, but to one of two. He can rely only on receipt as at the time when it was given, and he has only himself to thank because he chose to pay otherwise than in accordance with his contract." In the converse case of the grant of a mortgage by several mortgagors the mortgage usually provides that all the mortga- gors shall be jointly and severally liable to the mortgagee.
One further point with regard to pa5mient requires attention.
Although a mo...rtgagor retains, even after the date specified in the mortgage as that for the repayment of the mortgage debt, an equitable right to redeem his property, he can do so only by giving the mortgagee six months' notice of his intention or by- paying him six months' interest in lieu of notice (j), and if, after giving such a notice, he fails to repay the mortgage debt it would seem that the mortgagee is entitled to demand a further six months' notice or interest in lieu (k). But where a mortgagee has himself demanded the repayment of his debt, or has taken other steps to realise his security, no question of notice arises, and the mortgagee must accept a tender of his principal with interest to date of repayment (Z).
What to read after The Law Relating to the Mortgage of Ships?
You can find similar books in the "Read Also" column, or choose other free books by Constant, Benjamin, 1767-1830 to read onlineMoreLess
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