Massachusetts General Laws ch. 223 sec. 81 – Validity of mortgage; determination
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Section 81. If the attaching creditor denies the validity of the mortgage, pledge, lien or contract of conditional sale, and moves that its validity be tried by jury, the court shall order such trial upon an issue which shall be framed under its direction. If, upon such examination or verdict, the mortgage, pledge, lien or contract of conditional sale is adjudged valid, the mortgagee, pledgee, lienor or conditional vendor, or his assigns, shall recover his costs.
Terms Used In Massachusetts General Laws ch. 223 sec. 81
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
- Verdict: The decision of a petit jury or a judge.