31 Effect of acknowledgment or part payment on persons other than the maker or recipient

31  Effect of acknowledgment or part payment on persons other than the maker or recipient

(1)     An acknowledgment of the title to any land, benefice, or mortgaged personalty by any person in possession of it shall bind all other persons in possession during the ensuing period of limitation.

(2)     A payment in respect of a mortgage debt by the mortgagor or any other person liable for the debt, or by any person in possession of the mortgaged property, shall, so far as any right of the mortgagee to foreclose or otherwise to recover the property is concerned, bind all other persons in possession of the mortgaged property during the ensuing period of limitation.

(3)

Powered by Lexis+®

Popular documents