A private carrier is a person who, in the course of business or occasionally, undertakes the carriage of passengers or of other people's goods, but who does not hold himself out as exercising the public employment of a common carrier. A carrier who, while inviting all and sundry to employ him, reserves to himself the right to accept or reject their offers of goods for carriage, irrespective of whether his vehicles are full or empty, and who is guided in his decision by the attractiveness or otherwise of the particular offer and not by his ability or inability to
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This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having an intercreditor agreement and when an intercreditor agreement would be used instead of a deed of priority or subordination deed•provides links to
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
An intention to create legal relations is requiredThere are various situations in which a court will hold that an agreement is not binding because, though supported by consideration, it was made without any intention of creating legal relations (see, eg, Blue v Ashley).Did the parties intend to
Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
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