A tenant for life holds the title deeds subject to liability to produce them for the inspection of remaindermen with a vested, but not with a contingent, interest; and the mortgagee from the tenant for life, if he takes the deeds, takes them subject to the same liability1. This rule does not seem to be affected by the legal estate in fee simple being now vested in the tenant for life2. If the mortgage is paramount to the settlement, the remainderman cannot as such require production
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This Practice Note discusses the common law doctrine of privity of contract; the equitable and statutory exceptions to it; how the doctrine affects enforcing a contract against a third party and what happens when, notwithstanding the lack of privity, a contract has an indirect effect on a third
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