Payment in advance of completion
Language: English Series: Times ; 24 November 1993, 32(1)Publication details: 1993Subject(s): Summary: In "Target Holdings Ltd v Redferns and another", HL 8 November 1993, it was held that a firm of solicitors which paid mortgage money to the vendor of a property in advance of the completion date was liable to the mortgagee for the money, even though the property was subsequently conveyed. The solicitors were entitled to credit for money realised from the sale of the property by the mortgagee.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB2944-69 (Browse shelf(Opens below)) | 1 | Available | 77017-1001 |
In "Target Holdings Ltd v Redferns and another", HL 8 November 1993, it was held that a firm of solicitors which paid mortgage money to the vendor of a property in advance of the completion date was liable to the mortgagee for the money, even though the property was subsequently conveyed. The solicitors were entitled to credit for money realised from the sale of the property by the mortgagee.