In what circumstances will a mortgagee be liable for any loss and damage caused by negligence on a bill for redemption?
Saskatchewan, Canada
The following excerpt is from Eddy v. Trust & Loan Company, 1925 CanLII 228 (SK QB):
In Wragg v. Denham (1837) 2 Y. & Coll. 117, 6 L.J. Ex. Eq. 38, it was decided that on a bill for redemption the mortgagee will be made to account for all loss and damage occasioned by his gross negligence in respect of bad cultivation and non-repair of the mortgaged premises.
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