implied assumption

The imposition of personal liability on a land purchaser who buys subject to a mortgage and who deducts the mortgage amount from the purchase price, so that the purchaser is treated as having assumed the debt. [Cases: Mortgages 279. C.J.S. Mortgages § 395.]

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词条贡献者

法律翻译Betty，毕业于英国一流的高级翻译学院，专注翻译各类与新型冠状病毒(COVID-19)有关的法律文件。