000			01463cab a2200241 4500
001			ABS57381
008			090401t1997 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u79669
041			_aeng
245			_aBristol and West Building Society v May May & Merrimans and others
260			_c1997
350			_a0
490			_aAll England Law Reports _v[1997] 3 All ER 206-232(27)
520			_aChD 17 February 1997. Defendant solictors M acted for B in a loan secured by a mortgage. The borrower was required to pay a mortgage indemnity guarantee, arranged through an insurance company, which was paid through a deduction in the amount advanced. Under the terms of the MIG and in the event that B exercised its power of sale, the insurance company became liable to pay the balance between the proceeds of sale and the outstanding debt. The court had held that the defendants were liable to this full amount. The issue arose as to whether B was obliged to give credit for sums recovered or recoverable under the MIG. "Held" The defendants should be given the opportunity to consider whether they should join the insurers so that the issue might be determined.
650			_aBRISTOL AND WEST BUILDING SOCIETY V MAY MAY AND MERRIMANS
650			_aDUTY OF CARE
650			_aMORTGAGE INDEMNITY GUARANTEE
650			_aPROFESSIONAL NEGLIGENCE
650			_aSOLICITORS
690			_aPROPERTY LAW AND PRACTICE-CASE LAW
942			_n0
948			_c16/07/1997
999			_c50111 _d50111