Northern Counties Of England Fire Insurance Co. V. Whipp

Northern Counties Of England Fire Insurance Co. V. Whipp in Europe

Definition of Northern Counties Of England Fire Insurance Co. V. Whipp

(26 Ch. I). 482). A legal mortgagee may be postponed to a subsequent equitable mortgagee by fraud, negligence or when he has entrusted the title deeds to an agent to raise money. He will not be postponed if the mortgagor obtains the deeds without his knowledge and consent.
M, the manager of a joint stock company, made a legal mortgage of freeholds to the company, and handed over to the company the deeds which were kept in a safe to which he had access. Afterwards M took from the safe the deeds except the mortgage, and created a new mortgage to B without notice of the mortgage to the company. Held, that the company did not lose priority for their mortgage

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Definition of Northern Counties Of England Fire Insurance Co. V. Whipp is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.

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