AI-transcribed

Interest, generally applied to interest of money on mortgage.

Definition source
Kinnear, J. B., Digest of House of Lords Cases Decided on Appeal from Scotland, 1709-1864 — Glossary of Scottish Law Terms (Edinburgh, 1865). Public domain.

Legal Subject: Annual Rent

Case Date Legal Subject Abstract
Taylor v. McCleod 1787 Aliment, Succession, Annual Rent, Factor, Factor Loco Tutoris, Creditor Sarah Taylor, maternal grandmother of Anne and John Hodgson, children of the deceased Joseph Hodgson and Margaret Ross, petitions the court for removal of Alexander Macleod as factor in loco tutoris of Anne and John Hodgson and for relief on account of Alexander Macleod's willful mishandling of the estate in violation of the February 13, 1730 special act of sederunt which lays out the requirements for a factor loco tutoris.
Thomas Buchanan v. John Adam 1775 Debt, Succession, Possession, Infeftment, Annual Rent, Reduction This case was about a “wadset,” an arrangement in which a debtor conveyed property to a creditor as security for a debt. The facts of the case were somewhat unusual in that the same debt was secured partly by a wadset and partly by an annual-rent. Interest rates had dropped considerably since the wadset was established in 1615; Pursuer Thomas Buchanan argued that in light of this changed circumstance, the annual-rent represented a full security, and the wadset should be considered “improper.” (The parties' immediate predecessors are listed on this case page; more detailed chains of title are described in the case documents.)
William Hart v. John and James Naesmith 1775 Debt, Adjudication, Poinding, Annual Rent, Penalty, Feu duties Michael Naesmith borrowed £480 from William Hamilton in 1731 and by 1740 John and James Naesmith, defenders, had become bound for the debt. After Michael's death, John and James received adjudication against a tenement he had owed, in order to recover what he owed them. In 1774, Hart, pursuer, and son of another creditor of Michael, brought an adjudication against the tenement.

Documents discussing this subject (25)