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United Kingdom decisions
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The Privy Council dismissed a guarantors’ appeal over a yacht sale, holding the mortgagee took reasonable steps to obtain the best price and that the Stamp Act point failed.
The Privy Council held that Gulf had an equitable mortgage over shares in Petroleum and could sell them to Fabian, but legal title did not pass without registration.
The Privy Council held that the bank could sue the borrowers personally on the loan, and was not confined to enforcing its hypothecary security.
The Privy Council granted relief against forfeiture over appropriated shares, holding that equity could account for the tender and escrow period when setting interest and costs.
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