Legal Definition and Related Resources of Imperfect Mortgage
Meaning of Imperfect Mortgage
The term has been sometimes used to denote the legal title which a vendor holds under an unexecuted contract for the conveyance of land upon payment of the purchase money , in which case the vendor’s interest in the land is nothing more than a security ; but the security is said to be stronger than a mortgage , because the lega! title is retained as security. See Gessner v Palateer, 26 P. 789, 89 Cat. 89.
Related Entries of Imperfect Mortgage in the Encyclopedia of Law Project
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Imperfect Mortgage in Historical Law
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Legal Abbreviations and Acronyms
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