Mortgagee - Law Dictionary Search Results
Purchaser
Act, 1925, s. 205, 'purchaser' means a purchaser in good faith for valuable consideration and includes a lessee, mortgagee or other person who for valuable consideration acquires an interest in property except that in Part I. (ss.
Redemption
the paying off of a mortgage debt. An action of redemption is a suit brought to compel the mortgagee to recover the property to the mortgagor on the latter paying the mortgage debt. See EQUITY OF REDEMPTION;
Requisitions of title
a series of inquiries and requests which arise upon a title on behalf of a proposed purchaser or mortgagee, and which the vendor or mortgagor is called upon to satisfy and comply with. In the case of
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Infant
of being held by an infant. He cannot be appointed trustee of any settlement or trust or become mortgagee of a legal estate (ss. 19 and 20, ibid.), or an estate owner of settled land (Settled Land
Stamp duties
the special penalty of ten pounds, which falls upon the obligee, vendee or transferee, lessee or intended lessee, mortgagee, or settlor, as the case may be, for not stamping the instrument within thirty days after execution in
Trustee
Maharashtra Revenue Tribunal, AIR 1968 SC 1364: (1968) 3 SCR 441. It does not include a benamidar, a mortgagee remaining in possession after the mortgage has been satisfied or a person in a wrongful possession without title.
Vadium mortuum
which the pledgor loses the security and its fruits or interest which were taken by the pledgee or mortgagee until repayment or redemption; and see VIVUM VADIUM.
Joint-tenancy
for the personal representatives of the deceased co-mortgagee until the money be repaid. Equity then treats the two mortgagees as tenants in common. Where a mortgage is made to trustees who did not appear in that character
Constructive trust
the renewal of leases by one of several persons or partners jointly interested, by an agent, mortgagor, or mortgagee, or by a person jointly interested with an infant, but, if the renewed lease turn out not to
Falsification
or to falsify any pedigree upon which the title may depend, in order to induce a purchaser or mortgagee or his solicitor to accept the title offered, is a misdemeanour punishable by fine or imprisonment with or
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