1. THE GAGE OF LAND IN MEDIEVAL ENGLAND.
- Author
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Hazeltine, Harold D.
- Subjects
- *
LAND use , *GAGES , *DEBTOR & creditor , *OBLIGATIONS (Law) , *PAYMENT , *MONEYLENDERS , *LOANS - Abstract
The article presents information on the gage of land in medieval England. The English gage of land with possession of the debtor until default is to all seeming developed later than the gage with immediate possession of the creditor; the origin of this later form of security for loans being directly connected with the history of the process of judicial execution. It will be seen that whether the medieval creditor take immediate possession or only on default of the debtor, the principle is the same. In either case the security is a usufructgage or it is a property-gage, or it is indeed a combination of the two. Though the tracing of the development down to the present lies beyond the scope of the present paper, it is believed that this very same conception lies at the basis of much of the modern English law.
- Published
- 1904
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