Knightsbridge Estates Trust Ltd v Byrne: HL 1940
A mortgage of freehold land contained a covenant to repay the secured loan by half-yearly instalments over a period of 40 years. The mortgagors sought early redemption arguing that the contractual postponement of repayment over a 40 year period was void in equity. The respondents relied upon the mortgage constituting a debenture as defined by … Continue reading Knightsbridge Estates Trust Ltd v Byrne: HL 1940