Chapter

Assignation

Klaus Luing

in A History of Private Law in Scotland

Published in print December 2000 | ISBN: 9780198267782
Published online March 2012 | e-ISBN: 9780191683374 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198267782.003.0010
Assignation

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Assignations of reversions were common in the early period. ‘Reversion’ was the right of a seller/debtor to buy back, or to redeem on repayment of the money received as the price/loan, property such as land or rents which had been sold in order to secure a debt. The reversion could be constituted in favour, not only of the seller/debtor and his heirs, but also of his assignees, provided this was mentioned in the instrument. Presumably a reason for assigning reversions was as security for further loans.

Keywords: assignations; redeem; repayment; debt; reversion; seller/debtor; loans

Chapter.  10456 words. 

Subjects: Constitutional and Administrative Law

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