The Revised Reports; Being a Republication of Such Cases in the English Courts of Common Law and Equity

The Revised Reports; Being a Republication of Such Cases in the English Courts of Common Law and Equity : From the Year 1785, as Are Still of Practical Utility Volume 113

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...houses. The next case is Vaughan v. Thomas (1). In this case the defendant agreed with the plaintifi for the sale to him of an annuity of 300l. a year for the defendant's life, at five years' purchase. The defendant then represented himself as being only fifty-five years of age, and the plaintiff insured the defendant's life on that footing; but two years afterwards he discovered that the defendant was sixty-one years of age at the time of granting the annuity, and the plaintiff was obliged in consequence to increase the insurance. Upon his representing this to the defendant, it was agreed that the plaintiff should grant to the defendant an additional annuity, which was expressed to be granted for 250l., but in fact no money was paid on that occasion. In December, 1779, the defendant applied to the plaintiff to repurchase the annuity, and an agreement was entered into by them by which the plaintiff agreed to give up the annuity on payment of 1,500l., the original purchasemoney, and all arrears then due, deducting the sum of 2001., the amount for four years of the additional annuity of 50$. The arrears then due were 475l., so that the sum settled for the repurchase was 1,775l. After the agreement had been signed the plaintiff struck out his name, and two days after another agreement was prepared, whereby the plaintiff relinquished the annuity and all arrears for 2,000l. The plaintiffs filed a bill for the specific performance of this agreement. It was referred to the Master to find the value of the original and additional annuity and the defendant's age. The Master found that the annuity was worth nine years' purchase when it was granted. The plaintiff contended that the bargain was fair, and that he more

Product details

  • Paperback | 468 pages
  • 189 x 246 x 24mm | 830g
  • United States
  • English
  • black & white illustrations
  • 1236873130
  • 9781236873132