(Download) "Promenade Towers Mutual Housing Corp. v. Metropolitan Life Insurance Co." by 1991 Maryland Court of Appeals No. 2 September Term " eBook PDF Kindle ePub Free
eBook details
- Title: Promenade Towers Mutual Housing Corp. v. Metropolitan Life Insurance Co.
- Author : 1991 Maryland Court of Appeals No. 2 September Term
- Release Date : January 08, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 92 KB
Description
In this case a debtor claims the right to prepay in full the debt incurred in a commercial transaction and secured by a deed of trust that is silent on prepayment. We shall apply the general rule, namely that, absent a statute or agreement permitting prepayment, the mortgagor has no right to prepay. But, before we reach that conclusion, we must address the debtor's contention that the Maryland rule on mortgage prepayment is the opposite of the general rule. That contention requires us to divine the reasoning underlying the mandate in a 1794 decision of this Court that was issued unaccompanied by any reported or unreported opinion.
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