The Law of Building Associations Being a Treatise Upon the Principles of Law a
The Law of Building Associations Being a Treatise Upon the Principles of Law a
G a Gustav Adolf Endlich
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The directors could not call material. " I think, " says ITather- in the 1200; they must wait for the ley, L. C. , "the true explanation of instalments becoming due. " the transaction is, that the borrower * See ante, 46. Has the advantage of making the re- 3 The German Fair Hill Building payment by fixed instalments, in- Association v. Metzger, 3 W. N. C. 37-i THE LAV. ' 07 BUILDING ASSOCIATIONS. [CH. XIII. to make a tender, or where, in strictness, no technical tender ran bo made (as when the... mortgage secures merely stock- payments, etc. ), the offer of such terms as will make the suit unnecessary ; or, after suit brought, of such terms, together with costs accrued, will, upon refusal to accept, stop the run- ning of interest, and render the plaintiff, though entitled to a decree, liable to costs. 1 A subsequent agreement to accept, starts the running of interest as if no tender had been made, until the money is paid or brought into court. " Premiums. 378. The most peculiar incidents of the transaction of loan between the building association and its members, are those of premiums and fines.
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