Parker v Judkin

Subject Matter

VENDOR AND PURCHASER — Will — Construction — Devise and Bequest of Freeholds and Business by Testator to his Sons beneficially subject to Payment of Annuity to Widow — Sons appointed Executors — Sale of Freeholds and Business to Company by Sons “as beneficial owners” — No Mention of Annuity in Conveyance — Undertaking by Company by separate Deed to satisfy Annuity — Sale by Company of Part of Freeholds — Purchaser, whether put upon Inquiry as to Charge of Annuity by Terms of Conveyance — Notice to Purchaser of Facts in Memorandum and Articles and Execution of Conveyance by Company — Debentures issued by Company — Company unable to pay Annuity — Liability of Company and Debenture Holders.