Tabula in naufragio

Tabula in naufragio

"Tabula in naufragio" is a legal Latin phrase, literally interpreted as "a plank in a shipwreck".

The phrase is used metaphorically to designate the power subsisting in a third (or subsequent) mortgagee, who took the third mortgage without notice of the second mortgage, and then acquired the first mortgage and attached it to the third mortgage, thereby obtaining priority over the second mortgagee.

According to "Black's Law Dictionary"::"It may be fairly said that the doctrine survives only in the unjust and much criticised English rule of tacking."

The phrase was first attributed to Sir Matthew Hale, although Hale died over 200 years before the advent of the modern English doctrine of tacking. ["Hopkinson v Rolt" (1861) 9 HLC 513]

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Look at other dictionaries:

  • tabula in naufragio — /taebyala in nofreyj(iy)ow/ A plank in a shipwreck. This phrase is used metaphorically to designate the power subsisting in a third mortgagee, who took without notice of the second mortgage, to acquire the first incumbrance, attach it to his own …   Black's law dictionary

  • tabula in naufragio — Literally a plank in a shipwreck. A graphic expression applied to the saving of a junior equity by acquiring the legal title. 27 Am J2d Equity § 151 …   Ballentine's law dictionary

  • TABULA — I. TABULA ab inusitato taba, et hoc a Graeco τάζω, quod tabulata in aedibus et ulmis planitiem extendebant: de pluribus rebus dicitur, uti ex parte videre est supra ubi de Tabellis. Apud Festum, ubi de igne aeterno, si quando defecerat, a… …   Hofmann J. Lexicon universale

  • Tacking (law) — Tacking is a technical legal concept arising under the common law relating to competing priorities between two or more security interests arising over the same asset. The concept is best illustrated by way of example. # Bank A lends a first… …   Wikipedia

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  • NAUFRAGIUM — quoties imminebat, vectores omnes, apprehenfâ???malô; unde Horat. l. 1. Carm. Od. 14. v. 10. Non Di, quos iterum pressa voces malo; convertebantur in puppim, ut inde in, auxilium suum, Deos, qui in ea siguratierant, i. e. Tutelaresnavis,… …   Hofmann J. Lexicon universale

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