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48. In this Part (a)"debt" includes any liquidated pecuniary claim; (i)in relation to a mortgageehis personal representatives and any other person on whom the rights under the mortgage devolve, whether on death or bankruptcy or the disposition of the property or the determination of a limited estate or interest in settled property or otherwise; (ii)in relation to a person liable in respect of a debthis personal representatives and any other person on whom the liability in respect of the debt devolves, whether on death or bankruptcy or the disposition of the property or the determination of a limited estate or interest in settled property or otherwise; (b)references to a right of action shall include references to (i)a cause of action; (ii)a right to receive money secured by a mortgage or charge on any property or to receive proceeds of the sale of land; <(iii)a right to receive a share or interest in the personal estate of a deceased person; (c)references to the date of the accrual of a right of action shall (i)in the case of an action for an accountbe construed as references to the date on which the matter arose in respect of which an account is claimed; (ii)in the case of an action upon a judgmentbe construed as references to the date on which the judgment became enforceable; <(iii)in the case of an action upon a judgment mortgagebe construed as references to the date on which the judgment became enforceable and not to the date on which it was registered as a mortgage; <(iv)in the case of an action to recover arrears of a rentcharge, a conventional rent, or interest or damages in respect thereofbe construed as references to the date on which the arrears became due; (d)references to a person in possession of land shall (i)in the case of a rentcharge, be construed as including references to a person who is in possession of the land charged, but does not pay the rentcharge; and (ii)in the case of land (including a rentcharge) held under a lease in writing reserving a yearly conventional rent of not less than [#1], be construed as including references to a person who, wrongfully claiming to be entitled to the land in reversion immediately expectant on the determination of the lease, is in receipt of the conventional rent; (e)references to a debt shall (i)in the case of a rentcharge or of a conventional rent, be construed as references to a gale of the rentcharge or of the conventional rent; (ii)in the case of interest, be construed as references to an instalment of the interest; (f)references to a mortgagee who is by virtue of the mortgage in possession of any mortgaged land shall include references to a mortgagee who has obtained possession of the mortgaged land by virtue of an order of a Court. Person under a disability.
© 1958 Crown Copyright
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