Richards against Sely
| Jurisdiction | England & Wales |
| Judgment Date | 01 January 1793 |
| Date | 01 January 1793 |
| Court | High Court |
English Reports Citation: 86 E.R. 952
IN THE COURTS OF KING'S BENCH, CHANCERY, COMMON PLEAS AND EXCHEQUER.
case 64. richards against sely. If a copyholder, to secure a person who has become bound for him, covenant, that such person shall hold and enjoy the copyhold estate for seven years and so from seven years to seven years, for and during the term of forty-nine years, if the copyholder should so long live, it is a forfeiture of the estate, although there is a clause that the deed should be void on the bond being paid ; for this deed, though intended only as a collateral security, amounts to a present lease.-S. C. 3 Keb. 638. This was a special verdict in ejectment for lands in the county of Cornwall. The case was this, viz. Thomas Sely was seised of the lands in question for life, according to the custom of the manor of P. and he together with one Peter Sely were bound in a bond to a third person for the payment of one hundred pounds, being the proper debt of the said Thomas, who gave Peter a counterbond to save himself harmless ; and that Thomas being so seised did execute a deed to Peter, as a collateral security to indemnify him for the payment of this hundred pounds; by which deed, after a recital of the counter-bond given to Peter, and the estate which Thomas had in the lands, he did "covenant, grant, and agree, for himself, his executors, administrators, and assigns, with the said Peter, that he, his executors and administrators, should hold and enjoy these lauds from the time of the making of the said deed for seven years, and so from the end of seven...
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