Where lands are vested in trustees by Act of Parliament, to be mortgaged for a particular purpose, it is incumbent on the mortgagee to see the money applied accordingly.
Citations:
[1686] EngR 293, (1686) 2 Vern 5, (1686) 23 ER 616
Links:
Jurisdiction:
England and Wales
Land
Updated: 06 August 2022; Ref: scu.396349