Heritable Bond - Law Dictionary Search Results
Heritable Bond
Matched in: Term Heritable Bond
Sheriff (in Scotland)
the greatest extent; also, by 40 & 41 Vict. c. 50, s. 8, to actions relating to a heritable right where the value of the subject-matter does not exceed 50l. by the year or 1,000l. value, and … between the sheriff-substitute and the Court of Session. His civil jurisdiction extends to all personal actions on contract, bond, or obligation, to the greatest extent; also, by 40 & 41 Vict. c. 50, s. 8, to actions
Debt
of a personal representative within the limits therein set out. It is a chose in action and is heritable and assignable and it is treated as property in India under the Transfer of Property Act which calls … 1869 (32 & 33 Vict. c. 46) (popularly known as 'Hinde Palmer's Act'), special contract debts, as by bonds, covenants, and other instruments under seal, took priority over debts by simple contract; but this Act abolished that
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obligation
that is dependent on an uncertain event conventional obligation : an obligation taking the form of a contract heritable obligation : an obligation that may be enforced by the successor of the obligee or against the successor … Family Mut. Ins. Co., 521 N.W.2d 366 (1994)"] 2 : a debt security (as a corporate or government bond) see also collateralized mortgage obligation 3 : what one is obligated to do, satisfy, or fulfill: as a
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