In the absence of special direction, the account taken against a mortgagee in possession is a continuous debtor and creditor account1. The mortgagee is debited with all sums which he has received or which he is to be treated as having received2 by virtue of the mortgage, whether rents and profits, or accidental payments, such as proceeds of sale3; and he is credited with the principal money, with interest accruing due from time to time
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What are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore electricity network. The transmission assets comprise everything between the offshore point of connection with the generating wind farm assets and the
Millett LJ subdivided types of constructive trust into two categories, distinguishing between:•the constructive trust proper, where equity intervenes to prevent the legal owner from unconscionably denying the beneficial interest of another (known as the institutional constructive trust)•the
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On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
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