Pledge V. White in Europe
Definition of Pledge V. White
([1896] A. C. 187). Consolidation is applicable (1) where at the date when redemption is sought all the mortgages are united in one hand and redeemable by the same person, or (2) where after that state of things has once existed the equities of redemption have become separated (per Lord Davey).
The plaintiff had become entitled to the equity of redemption in all of seven remaining properties which had been mortgaged by several separate mortgages, which mortgages were vested in the defendants. The plaintiff claimed to redeem one of the properties (No. 2) without redeeming the others. Held, he could not do so, and the executor of the transferee was entitled to consolidate
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Definition of Pledge V. White is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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