At law, a mortgage of land formerly took the form of a conveyance to the creditor on condition that if the money was repaid on the specified date, the creditor would reconvey the land but if the condition was not strictly complied with the debtor would lose the land forever and remain liable for the debt. The Court of Chancery intervened to permit the debtor to redeem the mortgage on performance of the conditions, notwithstanding his failure to do so by the specified date, and this right, known as the 'equity of redemption', arose to provide relief against penalties1.
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Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
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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