https://www.taxtmi.com/caselaws?id=458066 A promissory note taken in the name of one plaintiff remained enforceable by her where delivery was made through the other plaintiff and her later suit ratified that delivery. The vendor's lien for unpaid purchase money was displaced where, under the vendor's arrangement, the vendee incurred an enforceable liability to a third person in substitution of the original payment obligation; a benami payee did not preserve the charge without the vendee's knowledge of that arrangement. Prior deposition admitting execution of the note and indicating a subsisting liability was treated as an acknowledgment, so the suit was within limitation. en-us Wed, 08 Sep 1926 00:00:00 +0530 Mon, 07 Oct 2024 13:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458066 A promissory note taken in the name of one plaintiff remained enforceable by her where delivery was made through the other plaintiff and her later suit ratified that delivery. The vendor's lien for unpaid purchase money was displaced where, under the vendor's arrangement, the vendee incurred an enforceable liability to a third person in substitution of the original payment obligation; a benami payee did not preserve the charge without the vendee's knowledge of that arrangement. Prior deposition admitting execution of the note and indicating a subsisting liability was treated as an acknowledgment, so the suit was within limitation. Case-Laws Indian Laws Wed, 08 Sep 1926 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458066