Purchase Value - Law Dictionary Search Results
Mortgage
which are not accompanied by the title deeds and not registered are void as against a purchaser for value if registration is not effected before completion of the purchase. Legal mortgages made before 1925 do not lose … the mortgage is accompanied by a deposit of the documents of title. The absence of document affects any purchaser (including a registered mortgagee) with notice of a prior title. Mortgages without the deeds obtain priority not necessarily
Constructive trust
upon certain acts of parties. It arises upon a vendor's lien or charge upon land sold for unpaid purchase money, and generally, when an estate is subject to a trust or equitable interest or lien, and a … an estate is subject to a trust or equitable interest or lien, and a person purchases it for value, with either actual or constructive notice of it, the estate will still be subject to the trust or
Lots
the common title, except at his own expense. As a rule the purchaser of the largest lot in value is entitled to the documents of title on completion where all the lots have been sold. [see, e.g., … of the (English) Law of Property Act, 1925, it is an implied condition of the sale that a purchaser of two or more lots held wholly or partly under the same title shall not have a right
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L'sio ulta dimidium vel enormis
value of the subject-matter-e.g., when a vendor had not received half the value of property sold, or the purchaser had paid more than double value, Colq. Rom. Civ. Law, s. 2094. See Moyle's 'Contract of Sale in
Laesio enormis
half of its real value. The seller could rescind the sale, but the buyer could keep the item purchased by paying the full value. (2) The principle by which a seller may rescind a contract if a
loan to value (ltv) ratio
Matched in: Term loan to value (ltv) ratio
Trust instrument
trust instruments for the purposes of the Act, although not complying in form with the above-mentioned requirements. A purchaser for value in good faith is not affected by the contents of the trust instrument and is not
Charging order
acts done to defeat, or which shall operate to defect, such charge, unless made to a bona fide purchaser for value without notice, will be absolutely void as against th charge; but no such order maybe made
Fraudulent conveyances, Statutes against
of lands, made with the intent to defraud and deceive any person, bodies politic or corporate, who shall purchase the same, shall be deemed (as against that person, etc.) to be utterly void. But the Act shall … assurances, and accordingly any voluntary conveyance of land was held to be void against a subsequent purchaser for value, even with notice of the voluntary conveyance, but this rule has been abrogated by the (English) Voluntary Conveyances
Equity of redemption
registration under the L.C. Act, 1925, or failing such registration or subject to avoidance as against purchasers for value if unregistered, according to the date of notice to the trustee or trustees and not according to date … such prior mortgage, afterwards acquired the legal estate. See TACKING, which, though abolished by the (English) Vendor and Purchaser Act, 1874 (37 & 38 Vict. c. 78), s. 7, was revived by the (English) Land Transfer Act,
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