In this action to recover on a surety bond given to secure timely completion of some six buildings, the City of Rye, as obligee under the bond, seeks to recover the face amount of $100,000.
For the past year Mr Pacolli, head of the Mabetex firm, based in Lugano, Switzerland, has been repeatedly linked to allegations that he underwrote credit cards for the Yeltsin family as part of bribes given to secure the lavish contracts, said to be worth £305m.
734, it was held that the authorization of a judge to a married woman to borrow money, and execute a mortgage to secure its repayment, does not preclude her from proving that, with the knowledge of the creditor the mortgage was given to secure an antecedent debt of the husband due to him.
The decree of that court was that, the lien of the mortgages having been exhausted, they were no longer preferred claims, and that the debts they were given to secure could only be proved and take rank against the assets in the hands of the administrator according to the nature of the instrument evidencing the debt, and the statute relating thereto.
The term "mortgage" means such classes of liens as are commonly given to secure advances on, or the unpaid purchase price of, real property, under the laws of the State in which the real property is located, together with the credit instruments, if any, secured thereby.
Maybe – and maybe not – we could have exploited Murdoch's unprecedented need for journalistic co-operation by demanding he honour the guarantees of editorial independence from proprietorial interference that he had given to secure parliamentary approval of his takeover of The Times and Sunday Times four years earlier.
