The Law Times Volume 50 by Books Group
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Author: Books Group
Page Count: 1038 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
Format: PDF
ISBN: 9781130016048
File size: 46 Mb
Download Link: The Law Times Volume 50
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1871 Excerpt: ...1, s. 95. Stringer, of New Romney, appeared on behalf of the trustee, and Butler, of Rye, for the mortgagee. William Sims, the bankrupt, examined by Butler, stated chat he was a carpenter and builder at Lydd. In 1864 he took a business at Lydd. He had 1001. from Furley and Co., and his father and Mr. Peter Burgess were security. He promised to insure his life as security, but had neglected to do so. His father repeatedly asked him for his security. In 1869 he bought a piece of ground of Mr. James Weir for 901. He built two houses on that ground, and mortgaged them for 2001. On the 8th June, when he received the 2001., he saw his fathor at Rye, and told him he had the money. He told his father the houses were worth about 3501. or 380/. His father then asked him to give him a mortgage, and he told him he would do so. He gave his father a mortgage. He gave instructions for the mortgage about the 25tn July, and signed the security on the 10th Aug. When he gave instructions for the second mortgage, he did not consider himself in difficulties, and had no thought of giving np. He had been served with a writ for 151. seven or eight months previously. He filed his petition on the 27th Oct. By Stringer.--Mr. Jonathan Sims was his father, and Mr. Burgess his uncle. It was in 1864 he borrowod 1001. His father afterwards became surety for him in 1867. His father did not threaten to throw np the security, but asked for a bill of sale. He could not say whether he owed 1500Z. when he gave the-second mortgage. He must have owed nearly that amount, but he did not know it then. There were brickyards and bricks to pay that amount. He thought his available property was then worth 4001. He did not then know that he was in difficulties. He did not go into the matter till the mone...
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