Langman v. Alumni

Langman v. Alumni - was not clear of the deed’s contents....

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Page: 272 Class Notes Case: Court / Date: Judge: Facts: Issue: Holding: Rule: Langman v. Alumni Ass. Of U of Vir. Ct. of App. Vir (1994) J. Keenan Langman gave an arcade to UV and sought to recover $ paid on mortgage not covered by lack of profits. P. cited the debt assumption clause in the deed. Trial ct ruled for D claiming that the Alumni assoc.
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Unformatted text preview: was not clear of the deed’s contents. Whether the Alumni association is responsible for debts associated with the mortgage of a property given to them as a gift. A grantee who accepts a deed, becomes contractually bound by its provisions. A grantee who assumes an existing mortgage is not a surety....
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This note was uploaded on 06/15/2009 for the course LAW 577 taught by Professor Staff during the Spring '08 term at Arizona.

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Langman v. Alumni - was not clear of the deed’s contents....

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