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Limitation Act - is this decision relevant?

from mark (cantpaywontpay2000@yahoo.com)
Can anyone clarify what this means. It's taken from the following site that may prove handy perhaps:

http://www.swarb.co.uk/lisc/Limitation_Acts.html

Land Banking Limitation ChD Times 23-Feb-2000 Global Financial Recoveries Ltd v Jones A claim to recover a mortgage shortfall, where expressly granted by the deed in that behalf, gave rise to a claim in specialty, not in contract, and was therefore recoverable for up to twelve years. A claim under the underlying loan agreement was a claim in contract. An assignment of the debt alone operated to assign that debt, and not the right given under the mortgage, and so a claim under the assignment was limited as under contract. Limitation Act 1980

Mark

(posted 8010 days ago)

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