Reserving a slice of cake
In Scott v Southern Pacific Mortgages the Supreme Court held that the promise of a leaseback will not bind a mortgagee. This article criticises the analysis of completion borrowed from Abbey National BS v Cann and suggests that the issue was one of priority rather than proprietary status.
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| Format: | Article |
| Language: | English |
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2015-08-15.
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| Online Access: | Get fulltext |
| Summary: | In Scott v Southern Pacific Mortgages the Supreme Court held that the promise of a leaseback will not bind a mortgagee. This article criticises the analysis of completion borrowed from Abbey National BS v Cann and suggests that the issue was one of priority rather than proprietary status. |
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