This case was about whether creditors could be ranked for the penalties specified in heritably secured bonds. The affected creditors argued that they should be ranked for the penalties to the extent of their actual expenses. They further argued that the court had previously used its equitable powers to limit recovery with respect to penalty provisions, but not foreclosed recovery altogether. The respondents contended that creditors could never be ranked for penalties.

Published Reports

William Morison, The Decisions of the Court of Session (1811), pg. 14132, , pg. 3797

Locations

Repository & Extent